📉 Ethereum Trails Behind Bitcoin in 2024 Halving Year! 📉

- Ethereum has underperformed Bitcoin over the past three years, hitting a 3.5-year low in the ETH/BTC ratio.

- The Dencun upgrade in March 2024 reversed Ethereum's deflationary trend, increasing its supply by over 213.5K ETH.

- Negative ETF flows continue, with $465 million outflowing since trading began, mainly driven by Grayscale’s ETHE.

- Despite short-term bearish trends, Ethereum remains strong in DeFi and Layer 2 networks.

💬 What are your thoughts on Ethereum's future? Comment below! 👇