Ethereum falls to 4-year low against Bitcoin as BTC breaks above $94k

11/20/2024 21:28
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Ethereum falls to 4-year low against Bitcoin as BTC breaks above $94k

Ethereum struggles as its value against Bitcoin plummets to 4-year low at 0.03302 BTC

Ethereum falls to 4-year low against Bitcoin as BTC breaks above $94k Ethereum falls to 4-year low against Bitcoin as BTC breaks above $94k 31 mins ago

Ethereum’s value against Bitcoin has reached a four-year low as Bitcoin’s price surpasses $94,000. The ETH/BTC trading pair fell to 0.03302 BTC, marking a significant decline from mid-2023 levels above 0.070 BTC.

ETHBTC (Source: TradingView)
ETHBTC (Source: TradingView)

Bitcoin’s recent surge, hitting a new all-time high of $94,300 on Nov. 20, contrasts with Ethereum’s downward trend against Bitcoin. Since mid-2023, Ethereum has consistently lost ground, characterized by lower highs and lower lows on daily charts.

The decline represents a 51.06% drop since May 2023, spotlighting Ethereum’s relative underperformance.

ETHBTC (Source: TradingView)
ETHBTC (Source: TradingView)
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