Ethereum (ETH) is experiencing a decline against Bitcoin (BTC), with the ETH/BTC trading pair reaching a four-year low ratio of 0.031. Bitcoin has seen significant gains, appreciating by 158% in the past year and reaching new all-time highs. In contrast, Ethereum has had a modest return of 35% and remains 32% below its November 2021 all-time high. The decline in the ETH/BTC ratio raises concerns about an Ethereum-led altcoin season. Factors contributing to Ethereum's underperformance include Trump's perceived preference for Bitcoin and competition from platforms like Solana. Ethereum's adoption struggles and high issuance rate have also impacted its performance. Despite challenges in 2024, analysts remain optimistic about Ethereum's prospects in 2025, with predictions of a surge in price and hopes for institutional capital inflows. However, Ethereum must overcome resistance at the $4,000 level. At the time of writing, ETH is trading at $3,368, down 1.3% in the past 24 hours.



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