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Ethereum to Bitcoin Ratio at Multi-Year Lows 📉

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.
Ethereum to Bitcoin Ratio at Multi-Year Lows 📉 - Voronoi