ETH Struggles Against BTC

The ETH/BTC ratio isn't looking pretty

Jack Inabinet Nov 17, 2023 • 1 min read

📊 ETH Struggles: Bitcoin up, Ethereum down! ETH/BTC is down 1.6% today and on the verge of retracing the relief rally incepted by BlackRock’s decision to file for a spot Ether ETF. Will the ratio continue to trade lower?

Earlier this month, DCinvestor wrote, “Expect ETHBTC to get truly painful.” Despite the momentary momentum shift in Ethereum’s favor, we’re returning to our regularly scheduled programming of Ether underperformance.

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Written by Jack Inabinet

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Analyst at Bankless. Exploring the frontier. I enjoy learning and writing about the hottest topics in crypto, ranging from blockchains to DeFi to RWAs.