<ul><li>Ethereum (ETH) continues to underperform against Bitcoin (BTC) and has hit multi-year lows in the ETH/BTC ratio.</li><li>ETH recorded a new low of 0.0365 against BTC, erasing all its gains since April 2021.</li><li>ETH has declined by almost 58% against BTC since reaching a local high in December 2021.</li><li>The lackluster price performance of ETH can be attributed to increasing competition from rival smart contract blockchains and the attention shifted towards Ethereum layer-2 solutions.</li></ul>

Ethereum Continues Losing Ground To Bitcoin With ETH/BTC Ratio at Multi-Year Lows

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