The post Ethereum Price Declines to 5-Year Low Against Bitcoin, What’s Next? appeared on BitcoinEthereumNews.com.

The Ethereum price trajectory has been bearish for quite some time, and the market’s turmoil just advanced the intensity. The struggles are similar for Bitcoin, but its digital gold status, U.S. Strategic Bitcoin Reserve discussion, and other factors are supporting the recovery. As a result, the ETHBTC pair is declining lower, hitting a 5-year low. Why is Ethereum Price Declining Against Bitcoin? Ethereum and Bitcoin are the two best cryptos in the market, and each has a different image and use case. Interestingly, ETH has been considered far better in terms of utility, but the same utility is limiting its performance. Crypto analyst and CEO & co-founder of Coin Bureau, Nic Puckrin, has brought attention to this matter. In a detailed X post, he revealed that the Ethereum price is having a rough year, declining to a 5-year low. It is currently at 0.019 BTC and has declined nearly 125% from the peak of 0.089 BTC set in 2022. This happened due to profitability divergence, Ethereum’s MVRV Slip, demand disparity, and much more. Puckrin highlighted that Bitcoin holders are carrying higher unrealized gains than the ETH ones for the unprecedented 812 days. Adding to that, Ethereum’s MRRV dipped below 1.0. Although this data is for March, it reveals that the investors are struggling. Bitcoin & Ethereum Differences are the Catalysts For ETH’s Price Decline Nic Puckrin highlighted that there are fundamental and narrative differences between these two assets, affecting the ETHBTC pair. Nic adds, Bitcoin’s story is simple and strong: digital gold, an inflation hedge, institutional darling, etc; meanwhile, Ethereum’s story is complicated (fees burn, base layer for Defi/NFTs, and more). Now, as the DeFi TVL is stagnant, the hype of NFTs has cooled off, and there’s low demand for Ethereum, hence affecting its price. Not to mention, the increasing…

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Filed under: News - @ April 12, 2025 3:27 pm