ETHUSDEthereum
2,255
-3.08%
Past
What happened
Ethereum dropped 3.1% to $2,255, underperforming Bitcoin. The ETH/BTC ratio continues to compress as capital rotates to BTC dominance plays.
Why
Why it matters
Layer-2 scaling is cannibalizing mainnet fee revenue, making the ETH investment case harder to articulate while BTC benefits from simpler store-of-value narrative.
Watch
What to watch
ETH needs to hold $2,200 support or risk accelerating to $2,100. Any positive Pectra upgrade news could reverse the trend.
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