Ethereum falls to 42-month lows vs. Bitcoin — Is the bottom close?

Ether’s monthly momentum indicator suggests a potential 25-50% rebound against Bitcoin in 2025.

Ethereum’s native token, Ether (ETH), continues losing its strength against Bitcoin (BTC), with the ETH/BTC pair treading around 0.0365 BTC as of Oct. 25, its lowest level since April 2021.

ETH/BTC daily price chart. Source: TradingView

Underwhelming exchange-traded fund launches and increasing competition with smart contracts rival Solana have sapped traders’ appetite for Ethereum in 2024.

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