According to CoinDesk reported by Foresight News, the ETH/BTC ratio dropped to 0.02193, reaching a five-year low. Since the beginning of this year, ETH has fallen 39% relative to BTC, marking the first time ETH has underperformed BTC within 12 months after the Bitcoin reward halving. Glassnode data shows that the last time ETH performed so poorly compared to BTC was in the third quarter of 2019, when the ratio fell to 0.0164, with a quarterly decline of 46%.
Data: ETH/BTC exchange rate fell to a five-year low, the last time it did so was in Q3 2019
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