Ethereum falls to 4-year low against Bitcoin as BTC breaks above $94k

Ethereum’s value against Bitcoin has reached a four-year low as Bitcoin’s price surpasses $94,000. The ETH/BTC trading pair fell to 0.03302 BTC, marking a significant decline from mid-2023 levels above 0.070 BTC.

ETHBTC (Source: TradingView)

Bitcoin’s recent surge, hitting a new all-time high of $94,300 on Nov. 20, contrasts with Ethereum’s downward trend against Bitcoin. Since mid-2023, Ethereum has consistently lost ground, characterized by lower highs and lower lows on daily charts.

The decline represents a 51.06% drop since May 2023, spotlighting Ethereum’s relative underperformance.

ETHBTC (Source: TradingView)