Ethereum to Bitcoin Ratio at Multi-Year Lows 📉

What We’re Showing

This graphic shows the Ethereum to Bitcoin ratio, based on data from TradingView. Figures are as of November 6, 2024.

Key Takeaways

• The value of Ethereum compared to Bitcoin hit a three-year low as Bitcoin surged to record highs following Trump’s election victory.
• The last time the ETH/BTC ratio dropped this low, Ethereum rallied 120% in the next two months.
• While institutional investors have largely focused on bitcoin, Ethereum has attracted comparatively less interest, despite its pivotal role in decentralized finance and its far lower energy consumption than Bitcoin mining.