Ethereum is at its weakest level against Bitcoin since 2021. The ETH/BTC ratio continues to fall, while Bitcoin remains strong despite a 21% drop. Ethereum is down 53% from its peak. 🌐

Analyst Benjamin Cowen predicts the ratio will bottom out between 0.03-0.04 and rise in 2025. Galaxy’s Alex Thorn noted that ETH/BTC is trading at 0.03 for the first time in 3.5 years. 📉

While Ethereum’s fundamental strength remains intact, market sentiment is at its lowest level since 2017. Experts say that this decline is temporary and that ETH is approaching a major support line.