A First on Ethereum: The Lowest Level in the Last 5 Years Observed - Coin Bulletin

Ethereum (ETH) is down 39% of its value compared to Bitcoin by 2025 compared to (BTC), pushing the ratio between the two cryptocurrencies to its lowest level in almost five years.

Today, 1 ETH is equivalent to 0.02191 BTC. This indicates the lowest level seen since May 2020. At that time, ETH was trading around 200 dollars, while Bitcoin was below 10,000 dollars. Today, however, the price of ETH is approximately 1,800 dollars, and the price of BTC is around 82,000 dollars.

This performance difference marks the first year that ETH has weakened against Bitcoin; especially in the 12 months following Bitcoin's reward halving, it is known that ETH usually performs stronger. However, this year, the ratio has dropped by more than 50%.

One of the reasons for this decline is that investors are shifting towards more liquid and less risky assets due to trade wars, persistent inflation, and globally high bond yields. While gold is climbing to its highest levels in history, in the cryptocurrency market, Bitcoin is seen as a safer option compared to Ether.

Ethereum has slowed down compared to other altcoins

According to Glassnode data, Ether's performance against Bitcoin is experiencing one of its worst quarterly periods in recent years. A similar weakening occurred in the third quarter of 2019, when ETH decreased in value by 46% against BTC. This year, however, Ether's weakness is even more noticeable, especially when compared to other Layer-1 assets.

The ratio between Solana (SOL) and Ether has increased by 24% to 0.07007 since the beginning of 2025. This indicates that SOL has significantly outperformed Ether in 2025, while SOL itself has lost 35% of its value since the beginning of the year.

Ethereum is trading around 1,840 dollars at the time of writing the news.