The price of Ethereum is down against Bitcoin and Solana at levels not seen in years, prompting some critics to predict Ether’s “death” on social media.
Ethereum bulls have been forced to defend against a wave of slander on Crypto X after some critics noticed the price of Ether (ETH) has been lagging against Bitcoin (BTC) and other strong-performing altcoins as of late.
The Ethereum to Bitcoin price chart — a measure of 1 Ether against 1 Bitcoin, temporarily fell below 0.05 BTC on Dec. 20, its lowest level in two years (since April 28, 2021), according to CoinMarketCap.
During the last bull market, the ratio went up to a peak of 0.087 BTC on Sept. 12, 2021, but has trended downward since. At the start of 2023, the ratio sat around 0.072 but has also fallen since then.
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Source: https://cointelegraph.com/news/crypto-x-fades-ethereum-bitcoin-solana-prices-surge