Ethereum fell against Bitcoin to its lowest point in three years amid the carnage that followed Bitcoin’s fall from $70,000 over the weekend. The ETH-BTC chart reached as low as 0.0462 BTC on Saturday, April 13, down 24% from the year-to-date high of 0.085 BTC.
ETH-BTC 2022 – 2024
Ethereum’s all-time high against Bitcoin came in 2017 when it touched 0.16 BTC before closing the year around similar levels to now at 0.048 BTC. It has since recorded lows around 0.018 BTC in late 2019 before rising significantly throughout the 2020 – 2021 bull market.
ETH-BTC historical chart
The cycle peak of 0.088 BTC was met with a steady decline throughout 2023, 2022, and 2024. The 0.05 BTC level had been acting as a lower support level until it was breached this month. While the price remains within 7% of the support, it has been almost three years since we’ve seen these prices.
ETH-BTC 2020 cycle
The decline has been gradual and steady since the start of 2023, with a few bullish breakouts sh
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