Despite its ambition and potential, Ethereum has struggled to consistently outperform Bitcoin since its inception nearly a decade ago. As per Cointelegraph, Ether (ETH) only surpassed Bitcoin (BTC) in performance for 15% of all trading days since it began trading in mid-2015. Analyst James Check highlighted this trend, noting that ETH outperformed BTC during the early years, reaching heights from mid-2015 to mid-2017. However, over the past five years, Bitcoin has consistently outpaced Ether. 2023’s performance shows a stark contrast with this historical trend, as Bitcoin continues to rise while Ethereum struggles. The ETH/BTC ratio, which measures Ether’s price in terms of Bitcoin, reached its lowest point in nearly five years at 0.018 on April 9, according to TradingView. The last time the ratio fell below this level was in December 2019 when ETH dropped to $125 while Bitcoin stood at approximately $7,000. Ethereum has faced further drops recently, falling by more than 10% in the past 24 hours and dropping below $1,450 – less than its 2018 peak.