Ethereum (ETH), the flagship altcoin, has now plunged to its lowest level against Bitcoin (BTC) since February 2020.
ETH/BTC by TradingView
Earlier this Monday, it reached an intraday low of 0.01965 BTC on the Binance exchange.
At press time, ETH is trading at $1,515. Those who bought Ethereum at the peak of the ICO-fueled bull market in January 2018 would have made zero gains.
HOT Stories ETH/BTC Collapses Below 0.02 Bloomberg Veteran Shares Fascinating Observation About XRP and Bitcoin Is Bitcoin (BTC) Headed for $72,000? Dogecoin (DOGE) Price Hit Critical Support, Shiba Inu's (SHIB) Whales Take Control? Shorting Bitcoin Will Be Best Bear Market Play, Veteran Economist Says
Related
Fri, 04/04/2025 - 14:49 Ethereum Fees Crash 59%: What's Behind It?
Tomiwabold Olajide
The top altcoin has now collapsed by 44% against Bitcoin this year after recording three consecutive years in the red. It is also down 79% from the December 2021 peak that was achieved due to exuberance surrounding decentralized finance (DeFi) and non-fungible tokens (NFTs).
Now that ETH has collapsed below the psychologically important 0.02 level, ETH/BTC bears might start eyeing the September 2019 low of 0.01615 BTC. The altcoin would need to drop another 18% against Bitcoin to plunge to the aforementioned price point.
Related
Sun, 04/06/2025 - 19:00 Breaking: Crypto Market Getting Annihilated as Ethereum Collapses by 10%
Alex Dovbnya
The next stop would be the pre-ICO mania low of March 2017 (0.0128 BTC).
"Black Monday"
On Sunday, the Ethereum (ETH) price plunged by another 12.5%, underperforming the broader crypto market. It is now down another 2% on Monday, with stocks crashing across the globe amid the tariff mayhem. Hong Kong's Hang Seng Index is down by more than 12%. Japan's Nikkei 225 is down by nearly 7%.
Will Tether surpass Ethereum?
Following the most recent drop, Tether (USDT) is now within striking distance of overtaking Ether (ETH) by market cap. The two cryptocurrencies are currently valued at $144 billion and $185 billion, respectively.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
