NOIDA (CoinChapter.com) — Ethereum (ETH) is struggling to regain ground against Bitcoin (BTC), with the ETH/BTC pair plunging to a multi-year low near 0.022. The decline reflects growing investor skepticism about Ethereum’s ability to keep pace with Bitcoin, which continues to strengthen as institutional interest and macroeconomic shifts fuel demand for the top cryptocurrency.
Ethereum’s price has dropped over 48% from 2025’s high of $3,744, currently trading around $1,937. It has failed to recover from repeated rejections at the $4,000 resistance level. Bitcoin, meanwhile, remains dominant, hovering above $83,000, extending its lead as investors seek safety in BTC over riskier altcoins..
Beyond market fundamentals, ETH/BTC’s collapse has also sparked reactions online—some serious, others less so. A particularly blunt meme comparing Ethereum’s performance to a “flaccid” trajectory has taken over social media, highlighting how sentiment has soured on Ethereum’s once-dominant position.
Social Media Sentiment Remains Divided
Ethereum’s ongoing decline against Bitcoin has triggered concerns among investors and given rise to a wave of memes, highlighting the community’s unique way of processing market downturns.
One of the more circulated posts featured a trader comparing the ETH/BTC chart to a “flaccid” trajectory, complete with an annotated downward curve.
The crude humor resonated with market participants, reflecting growing frustration over Ethereum’s inability to keep up with Bitcoin. The post quickly gained traction, with traders chiming in—some with laughter, others with grim acknowledgment that ETH/BTC continues to bleed with no signs of recovery.
Beyond the jokes, social media sentiment remains split. Some X posts warn that if Ethereum fails to reclaim the 0.025 BTC level, further downside could push ETH toward $1,500 or lower, citing structural weaknesses in Ethereum’s price action and a lack of bullish catalysts. Bitcoin’s growing dominance, alongside weaker-than-expected spot ETH ETF inflows, has exacerbated Ethereum’s struggles.
On the other hand, some traders believe the ETH/BTC pair is in an accumulation zone, pointing to historical cycles where similar breakdowns preceded strong rebounds.
Still, skepticism remains. Ethereum’s fragmented ecosystem, increased competition from Layer 2 solutions, and the rise of Solana and other challengers have left some questioning whether ETH will ever regain its previous dominance against BTC. The ETH/BTC pair remains a battleground of divided opinions—some waiting for a bounce, others accepting the bleak reality.
But ETH BTC Might Be Recovering
The ETH/BTC pair appears to be stabilizing near 0.0233, showing signs of sideways movement after months of consistent decline. This shift suggests sellers may be exhausting momentum, but it does not yet confirm a bullish reversal.
Ethereum’s recent bounce from 0.0224 BTC aligns with a Fibonacci retracement level, indicating potential short-term support. However, resistance near 0.0250 BTC and 0.0269 BTC, marked by the 50-day EMA (purple) and previous breakdown levels, must be reclaimed before any shift in trend can be considered.
The falling EMAs reflect the broader downtrend, reinforcing the bearish macro structure.
Altcoins historically follow ETH/BTC’s direction. If Ethereum stabilizes against Bitcoin, it could slow the bleeding across the altcoin market. However, a failure to reclaim key resistance levels would reinforce Bitcoin’s dominance and keep liquidity concentrated in BTC.
For ETH/USD, this stagnation in ETH/BTC could lead to range-bound price action rather than immediate recovery. To gain bullish momentum, ethereum must break above $2,100–$2,200 with strong volume. If ETH/BTC fails to hold 0.022 BTC, further downside remains possible, potentially sending ETH toward $1,800 or lower.
Market sentiment remains divided. A prolonged bottoming pattern in ETH/BTC could precede an altcoin resurgence, but until Ethereum shows relative strength against Bitcoin, altseason remains out of reach. Traders should watch for a breakout or further breakdown before taking directional bets.