Ethereum has been that -outperformed bitcoin only 15% of the time since it launched

The Ethereum has only been Bitcoin for 15% of all trading days since it launched nearly a decade ago, according to analysts.

Because ether (Eth) began to trade in mid -2015, it did not change against Bitcoin (Btc) 85% of the time, analyst James Check said on an April 8 x Post.

The data shared by the check shows that Ether has significantly released Bitcoin in its early years from mid -2015 to around mid -2017, and it had two short periods of late 2019 and early 2020 when the ETH in the BTC ratio was in Ether’s favor.

However, Bitcoin has had an outperformed ether in the last five years.

The ratio of ETH/BTC, which shows the price of ether in terms of Bitcoin, fell to a five -year -old man of 0.018 on April 9, According to In tradingview.

The last time the ratio fell under its current level in December 2019, when the ETH fell to $ 125 while Bitcoin traded around $ 7,000.

Ether has wiped seven years of gains, which has dropped an additional 10% in the past 24 hours to the under $ 1,450, below the 2018 market cycle peak.

ETH fell to $ 1,400 in early trading on April 9, According to In coingecko. Compared to, Bitcoin lost 6% in the day to fall at $ 75,000, which was still 275% than its climax during the bull market seven years ago.

Ethereum Backers Air Remembering “Stagnation”

Ethereum advocates have released concerns about network growth as the token struggles to get traction earlier this year when Bitcoin struck a new price peak.

“I liked -I like Ethereum. However, it’s time to deal with the truth: The Ethereum has had (around) the same number of active addresses in the past 4 years.” Web3 Researcher Stacy Muur Na -Post on X on April 8.

Related: Ethereum price falls on 2-year low, but entrepreneurs still have hope

However, other researchers noted that most new addresses are in the Ethereum layer-2 scaling network, which has advanced in terms of value locked onchain over the last few years, According to In L2Beat.

While most long-term ETH investors are now holding on to a loss, technical indicators such as fractal patterns seen in 2018 and 2022 suggest that the property is approaching oversold levels and A The bottom can be close The level of $ 1,000, According to the Cointelegraph review.

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