TechFlow reported on January 20, according to Coindesk, that the Ethereum-to-Bitcoin ratio fell to 0.03, marking its lowest level since March 2021. This ratio has declined nearly 50% compared to a year ago.
Analysts suggest Ethereum's underperformance is partly due to Solana's rise in the meme coin space, particularly highlighted by the official Trump-themed meme coin choosing to launch on Solana rather than Ethereum.
However, Trump-backed crypto lending platform World Liberty Financial has recently increased its ETH holdings, indicating that Ethereum—positioned as the second cryptocurrency after Bitcoin to potentially receive ETF approval—remains strongly attractive to institutional investors.
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