29-4-2025 – Ethereum’s position as Bitcoin’s primary challenger has come under mounting pressure. The digital asset, once lauded for its potential to revolutionise blockchain utility, has witnessed a marked decline in comparative performance, posting a 42% yearly decrease whilst Bitcoin surged by 53%, according to CoinGecko analytics.
Market sentiment received a modest boost as American Ethereum ETFs recorded their first positive capital inflow after two months of consecutive withdrawals. Glassnode data revealed approximately 40,000 ETH in fresh investments, potentially signalling renewed institutional interest in the digital asset.
Veteran trading analyst Peter Brandt has raised eyebrows across the cryptocurrency community with his technical analysis on social platform X. His examination of the ETH/BTC trading pair revealed a concerning downward trajectory, suggesting Ethereum’s struggle to maintain parity with Bitcoin’s robust market momentum might persist without significant intervention.
— Peter Brandt (@PeterLBrandt) April 28, 2025
Current market dynamics show Ethereum trading at $1,830, marking a 1.12% daily increase and a 13% weekly gain. Meanwhile, Bitcoin continues its remarkable ascent, reaching $94,947 with modest daily growth of 0.17% and a weekly appreciation of 7.24%.
The narrative surrounding Ethereum has shifted dramatically from the cryptocurrency booms of 2017 and 2021, when it outpaced Bitcoin’s growth and stood at the forefront of digital asset innovation. Market observers now keenly await signs of a potential trend reversal in the ETH/BTC relationship, which could herald a renaissance for the world’s second-largest cryptocurrency by market capitalisation.
