Ethereum – Bitcoin price comparison reaches pre-NFT and DeFi boom levels of 2021

As of February 4, 2025, Ethereum (ETH) has continued its downward trend against Bitcoin (BTC), with the ETH/BTC ratio reaching approximately 0.027, levels not seen since 2020.

This decline marks a significant reversal from its peak of 0.085 BTC in December 2021. The growth in decentralized finance (DeFi), non-fungible tokens (NFTs), and other applications on the Ethereum network, these developments have not translated into sustained strength for ETH against BTC.

Recent market volatility has further impacted ETH's performance. On February 3, 2025, ETH's price fluctuated between a low of $2,080 and a high of $2,900, before stabilizing around $2,709.72.In contrast, Bitcoin has demonstrated relative resilience, with its price currently at $99,407, reflecting a 3.98% increase from the previous close.

The ETH/BTC ratio is a key indicator for investors assessing the performance of Ethereum relative to Bitcoin. A declining ratio suggests that ETH is underperforming BTC, which may influence investment strategies and portfolio allocations.

The cryptocurrency market remains highly volatile, and investors are advised to monitor these trends closely.

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