ETH/BTC Falls to Levels Last Seen During 2020 Market Crash

In Brief:

ETH/BTC drops to 0.02128, a level last seen on March 12, 2020.

Ethereum underperforms Bitcoin, down 1.6% in 24 hours.

According to market data reported by Odaily, the ETH/BTC exchange rate has continued its downward trend, now reaching levels last seen during the infamous market crash on March 12, 2020. At the time of writing, the pair is trading at 0.02128, reflecting a 24-hour drop of 1.6%.

This decline indicates significant relative weakness from Ethereum against Bitcoin, as traders continue rotating capital away from ETH amid broader macro and regulatory concerns. On-chain activity and ETF narratives have also favored Bitcoin in recent weeks, widening the performance gap between the two leading digital assets.

Analysts note that ETH/BTC dropping into this historical range (0.02099–0.02458) may signal further short-term bearishness unless Ethereum sees renewed momentum from upcoming upgrades or spot ETF approval.

‍