Can ETH still make a comeback? Five-year low, falling into BTC's shadow
The ETH/BTC ratio has dropped to 0.018, returning to the level at the end of 2019—when ETH was only $125, and BTC was still hovering around $7,000.
From 2015 to now, ETH has only outperformed BTC for 15% of the time, spending most of the time trying to catch up, never truly making a comeback.
Once claiming to be the 'world computer', ETH now increasingly resembles a 'high Beta' shadow asset.
The narrative is weak, Gas fees are high, and even L2 solutions are starting to go their own way. What has happened to ETH?
Will you continue to go all in on its future, or will you turn and embrace 'digital gold'?
Is this low ratio a crisis or an opportunity for a breakthrough?