Ethereum Struggles Below $2K as Bitcoin Recovers—Will ETH Catch Up?

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Ethereum Struggles Below $2K as Bitcoin Recovers—Will ETH Catch Up? - NewsBTC

Quick Summary:

Ethereum’s Decline Against Bitcoin: Key Market Trends CryptoQuant analyst SunflowrQuant recently analyzed the ETH/BTC market trends, noting that Ethereum has weakened against Bitcoin over the past two years, reflecting a drop in investor confidence and reduced speculative interest in ETH derivatives.

According to SunflowrQuant, during the 2021-2022 period, Ethereum outperformed Bitcoin, signaling strong market interest and increasing activity in Ethereum-based derivatives at the time.

However, since then, the ETH/BTC ratio and open interest have both declined, suggesting that Ethereum has been losing ground against Bitcoin in terms of market dominance.