ETH compared to BTC has experienced an almost 80% relative decline over eight years, going through three rounds of bull and bear markets. This is not just a short-term pullback, but a genuine long-term weakening!
From 2018 to 2026, the ETH/BTC exchange rate dropped from 0.121 to 0.027, a decline nearing 80%. Stop dreaming about it replicating those past explosive rallies; the eight-year cycle has already proven: holding ETH long-term just can't keep up with Bitcoin, and other public chains are even further behind.
Clearly, the technology keeps updating, and the ecosystem remains vibrant. So why does ETH keep lagging behind? Let’s dig into four core pain points—it hits hard:
1. The foundation has no bottom-supporting ability.
Mainstream public chains generally hold between 10%-50%, while the Ethereum Foundation holds just 1.6‰. Without chips, funds, or market support, when the price drops, we can only watch as the market tramples it. Project support and talent retention become major challenges, and the ecological foundation is fundamentally weak.