ETH has been underperforming BTC lately, hovering around $1,800 while the ETH/BTC ratio continues to decline.

Main reasons: the Pectra upgrade was already priced in, spot ETF inflows have disappointed, and the bullish momentum is lacking.

Historically, when ETH/BTC hits these lows, it tends to be a mid-term accumulation opportunity.

Are you holding ETH right now?