Ethereum loses momentum, falls to 5-year low against Bitcoin

Ethereum’s value against Bitcoin has hit a new low, with the ETH/BTC ratio slipping to 0.027 — its weakest level in over five years, according to CryptoQuant data.

The downward trend began after Ethereum’s 2022 transition to a proof-of-stake network. Since then, its ratio against Bitcoin has plummeted by nearly 70%, reflecting waning demand compared to its larger counterpart.