In summary, the Ethereum-to-Bitcoin (ETH/BTC) ratio has been trending downwards with Ethereum underperforming compared to Bitcoin. This decline can be linked to lack of catalysts in Ethereum's ecosystem, such as decentralized finance (DeFi) and non-fungible tokens (NFTs), which have not provided the market drivers that would help propel the price. Despite this, there have been consistent development activities building the groundwork for a rebound. It is worth tracking market sentiment and volatility on this ETH/BTC chart for indicators of Ethereum's resurgence, such as stabilization or reversal in its ratio. This could come from a revival in DeFi and NFT markets or new developments and upgrades within Ethereum's network.



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