How low can Ethereum price drop versus Bitcoin amid the DeFi contagion? By Cointelegraph


How low can Ethereum price drop versus Bitcoin amid the DeFi contagion?

‘s native token Ether (ETH) has declined by more than 35% against (BTC) since December 2021 with a potential to decline further in the coming months.

weekly price chart. Source: TradingView

The ETH / BTC pair’s bullish trends typically suggest an increasing risk appetite among crypto traders, where speculation is more focused on Ether’s future valuations versus keeping their capital long-term in BTC.

Ethereum TVL wipe-out

Ethereum TVL performance since 2019. Source: DeFi Llama

Bitcoin struggling but stronger than Ether

Investment flows into / out of crypto funds by assets. Source: CoinShares
ETH / BTC weekly price chart. Source: TradingView