Is Ethereum's Comeback Possible as it Struggles Against BTC

The price of ETH reached its lowest point in the past 20 months when compared to BTC. However, there is potential for an increase in the altcoin's price in Q1, driven by its upcoming major upgrade.

The altcoin, Ethereum [ETH], has been experiencing a decline in its value against Bitcoin [BTC] since May 2022, as per AZC News analysis. The last six months have been particularly unfavorable, with a drop of 18.80% to 0.048 BTC.

However, the recent compromise of the U.S. SEC’s X account has led to hackers announcing the approval of all spot ETFs, causing a sharp increase in volatility and prices of cryptocurrencies. In the midst of this, ETH has gained.