Analyst: ETH/BTC ratio returns to 2016 lows, Ethereum underperforms Bitcoin over the past decade

On-chain analyst PlanB expressed the view on the X platform that, from the ETH/BTC comparison chart, Ethereum's overall performance over the past decade has been significantly weaker than Bitcoin.

Data shows that the current ETH/BTC ratio is approximately 0.026, which is comparable to the level in March 2016, indicating that ETH has returned to the value position it held relative to BTC ten years ago. During the Bitcoin bull market of 2023/2024, ETH did not experience a significant increase, a similar situation also occurred in 2017 and 2021, and even now, Ethereum still lacks upward momentum relative to Bitcoin.