The ETH/BTC ratio is at a new low of 0.022, reflecting Ethereum’s significant decline against Bitcoin. Alex Thorn from Galaxy Digital indicates that Ether has plummeted 74% since transitioning to proof of stake.

Investor sentiments are mixed, with Quinn Thompson of Lekker Fund stating that ETH lacks investment viability due to diminishing network activity and transaction rates. Some community members are considering a return to proof of work.

Despite current market challenges, speculation suggests ETH could reach 4,000 USD by the end of 2025. However, recent ETF flows show substantial outflows from Ethereum assets, indicating weak investment interest.