The ETH/BTC trading pair has reached its lowest level since May 2020, currently standing at 0.022. This significant decline indicates Ethereum’s struggles compared to Bitcoin, which is regaining momentum while ETH lags behind.

ETH is now priced at 1,875 USD and has seen a 30% decrease over the last month. It has broken key support levels of 2,100 to 2,000 USD, indicating potential for further declines if market conditions do not improve.

Market sentiment towards ETH remains cautious, with analysts predicting continued challenges against Bitcoin. However, long-term optimists point to upcoming upgrades, such as the Pectra upgrade, as potential catalysts for ETH’s recovery.