Ethereum Has Outperformed Bitcoin on Just 15% of Days Since Launch

Ethereum has only outperformed Bitcoin on 15% of trading days since it began trading nearly a decade ago, according to crypto market analysts.

James Check posted on X on April 8, noting that since Ether
ETH
$1,575
was listed in mid-2015, it has underperformed Bitcoin
BTC
$84,595
on 85% of all trading days.

In its early years, especially from 2015 to mid-2017, ETH outpaced BTC significantly. There were also brief periods in late 2019 and early 2020 when Ethereum gained ground. But in the past five years, Bitcoin has remained in the lead.

Picture Ethereum Has Outperformed Bitcoin on Just 15% of Days Since Launch 2 | TON app

ETH/BTC Ratio Falls to Levels Not Seen Since 2019

The ETH/BTC ratio—a key metric tracking the value of ETH against BTC—dropped to 0.018 on April 9, according to TradingView, marking its lowest point in five years.

This is the first time the ratio has fallen below this level since December 2019, when Ether dipped to $125 while Bitcoin was priced around $7,000.

This drop has erased seven years of progress for Ethereum. Over the last 24 hours, ETH declined by another 10%, trading below $1,450—less than its 2018 peak.

On April 9, CoinGecko data showed Ether touching $1,400. In comparison, Bitcoin fell 6% to $75,000, still 275% above its bull market peak from seven years ago.

Community Voices Concerns Over Ethereum’s Slow Growth

Some in the Ethereum community have expressed concern about stagnating activity on the network, especially with Bitcoin recently setting new highs.

“I love Ethereum. However, it’s time to face reality: Ethereum has had [around] the same number of active addresses for the past 4 years,” Web3 researcher Stacy Muur posted to X on April 8.

Picture Ethereum Has Outperformed Bitcoin on Just 15% of Days Since Launch 3 | TON app

Layer-2 Networks See Growth Amid Ethereum Struggles

Despite criticism, others pointed out that activity has shifted to Ethereum’s layer-2 solutions. Platforms like Arbitrum and Optimism now hold more locked value, according to L2beat.

These layer-2 networks aim to scale Ethereum and have seen strong user growth, suggesting that network activity hasn’t vanished—it’s simply migrated.

ETH Price May Be Nearing Oversold Territory

Most long-term ETH holders are currently sitting at a loss, but historical price patterns offer hope. According to Cointelegraph, similarities to 2018 and 2022 fractals suggest ETH may be close to finding a bottom.

Analysts now believe Ethereum could reach oversold conditions, with a potential rebound forming near the $1,000 mark if downward pressure continues.