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Despite the deployment of a large number of upgrades and innovations, the Ethereum Price continues to be lagging behind Bitcoin (BTC) by a large margin. The reports reveal that the ETH has undergone an amazing price accident of 77% against the BTC – a drop probably fueled by a mixture of technical factors, macro and focused on feeling. In particular, the chain analysis platform, Santiment has now identified and broken down the main reasons for these price struggles.
On April 11, Santiment published a detail report on Ethereum, highlighting his Underformance almost four years And the reasons behind. Ethereum, formerly venerated as the cryptocurrency most likely to dethrone Bitcoin, recently suffered a Reduction of brutal prices When measured directly against BTC.
According to data on the santly chain, Ethereum crashed About 77% against Bitcoin since December 2021. Although the ETH dollars value has not been completely collapsed, in particular compared to other altcoins, the long -term BTC / ETH ratio always depicts a horrible image for Ethereum holders.
In particular, Ethereum has also Recovery failure Acheux near its November 2021 level of $ 4,760. On the other hand, Bitcoin jumpedRecovering a large part of its domination of the market and exceeding ETH on almost every time.
This disparity has led many traders and former maximalists to compare ETH to “Shitcoin”. Worse still, various altcoins average in low capital have already surpassed Ethereum during short, medium and long-term deadlines, causing additional embarrassment for the second global cryptocurrency by market capitalization. Based on the health report, the ETH / BTC price ratio table alone is enough to trigger doubt and uncertainty among long -term holders.
Beyond price action and market volatilityHealthy reveals that there are fundamental reasons for The slow performance of Ethereum Over the years. Some of the main criticisms that analysts and traders have identified include technical, sentimental and regulatory problems.
Ironically, Ethereum layer 2 solutions are one of the main engines of its underperformance. L2 solutions like Arbitrum, Optimism and Zksync would have cannibalize the activity on the Mainnet, taking investments in ETH while distributing the attention of thin investors.
Second, Ethereum seems to fight against the roadmaps and complex communication, which led to the confusion of investors. Major updates such as merger and Shanghai were difficult to understand for investors, which makes the ETH less accessible than the BTC.
Third, users remain frustrated by relatively High gas fees and the slow deployment of key upgrades. This pushed them to more affordable and faster alternatives, considerably reducing adoption.
Another main reason for the Ethereum accident against Bitcoin is the current regulatory concerns. Unlike Bitcoin, who has a more established legal precedent, Ethereum faces a constant uncertainty of knowing if he could be labeled security.
The other points include the lack of ETH investment call. While Bitcoin maintains the title as Stable digital goldEthereum seems to be taken between the two, having no narrative of clear or attractive investment. In addition, new block channels like Solana and Cardano also attract a large number of users with cheaper and faster solutions, ultimately moving away from ETH investments.
The last reason for which Santiment has identified for the long -term price descent of Ethereum is growing sale. Withdrawals after upgrading the issues of ETH created constant pressure from the sale, limiting growth and momentum with respect to bitcoin.
Felash star image, tradingView.com graphic