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ETH Struggles Against BTC

The ETH/BTC ratio isn't looking pretty

Jack Inabinet
Nov 17, 2023 • 1 min read

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📊 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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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.