Can ETH make a comeback? Five-year low, falling into the shadow of BTC
The ETH/BTC ratio has dropped to 0.018, returning to the level of the end of 2019—when ETH was only 125 USD, and BTC was still hovering around 7,000 USD.
From 2015 to now, ETH has only outperformed BTC for 15% of the time, mostly chasing it and never truly bouncing back.
Once self-styled as the "world computer," ETH now increasingly resembles a "high Beta" shadow asset.
With a weak narrative and high Gas fees, even L2s are starting to branch out on their own. What has happened to ETH?
Will you continue to go all in on its future, or will you turn around and embrace "digital gold"?
Is this low ratio a crisis or an opportunity for a leapfrog?