Despite the introduction of a immense number of updates and innovations, Ethereum Price still lags behind Bitcoin (BTC) with a wide margin. Reports show that ETH has suffered a stunning 77% price disaster in relation to BTC-sales, probably powered by a mixture of technical factors, macro and sentiments. In particular, the analytical platform on the chain, Santiment has now established and shared the key reasons for these price fights.

Price Ethereum Nosedives against Bitcoin

On April 11, Santiment has published a detailed report on Ethereum, emphasizing this Almost four years worse And the reasons for this. Ethereum, once worshiped, because the cryptocurrency will most likely succumb to Bitcoin’s dispenson, she recently suffered Brutal price drop measured directly in relation to BTC.

According to Santiment data on the chain, Ethereum crashed by about 77% compared to Bitcoins since December 2021, while the ETH value in dollars did not collapse completely, especially compared to other altcoins, the long -term BTC/ETH ratio still paints a macabre picture for Ethereum owners.

In particular, Ethereum also has It was not possible to recover Wherever near his November 2021, the highest of all time in the amount of USD 4,760. Whereas, Bitcoin went forwardRecovering most of your market dominance and translating ETH almost every time.

This discrepancy led many traders and former maximalists to compare ETH with “shit”. Even worse, various altcoins in half or low capitalization exceeded Ethereum in tiny, medium and long -term time frames, causing further embarrassment of the second largest cryptocurrency in the world by market capitalization. Based on the Santiment report, Chart of price indicators ETH/BTC Sam is sufficient to launch doubts and uncertainty Long -term owners.

Behind the scenes of the ethereum price fights

Apart from the price and market variabilitySantiment reveals that there are basic reasons Ponderous Ethereum performance Over the years. Some of the main critics indicated by analysts and traders include technical, sentimental and regulatory issues.

Ironically, Ethereum Layer 2 solutions They are one of the key higher factors. L2 solutions, such as arbitrum, optimism and zxync, supposedly cannibalizing the activity on the mainnet, collecting investments from ETH, while spreading the attention of investors.

Secondly, Ethereum seems to be struggling with sophisticated road plans and communication, which led to the investor’s confusion. Main updates such as merging and Shanghai They were hard to understand investors, thanks to which ETH seems to be less accessible than BTC.

Thirdly, users remain frustrated or Ethereum High gas fees and sluggish implementation of key updates. This pushed them towards more affordable and faster alternatives, significantly reducing adoption.

Another main reason for the Ethereum disaster against Bitcoin is the ongoing regulatory fears. Unlike bitcoins, which has a more determined legal precedent, Ethereum faces constant uncertainty about this Safety was marked.

Other points include the lack of appeal of ETH. While Bitcoin maintains the title as Stable digital goldEthereum seems to be caught between them, having no clear or attractive investment narrative. In addition, newer chain chains, such as Solana and Cardano, also attract a significant number of users with cheaper and faster solutions, ultimately distracting investments from ETH.

The last reason why Santiment identified the price of Ethereum for long -term origin growing sales pressure. Withdrawal of rates after accommodation ETHS caused constant pressure on the sales side, limiting growth and rush compared to bitcoins.

A distinguished picture from Unsplash, tradingview.com chart