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Ethereum down 68% from 2025 high, underperforming Bitcoin; reversal depends on capital rotation in 2026

Market News
29 Jun 2026
Crypto news
View Source
Neutral
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Ethereum has fallen nearly 68% from its August 2025 peak, significantly underperforming Bitcoin's 52% drop, pushing the ETH/BTC ratio to multi-year lows. This underperformance is driven by Bitcoin's strong institutional support, competition from Solana, and a complex value narrative for Ether. Analysts are divided: some expect continued weakness due to these structural challenges, while others see potential for a reversal fueled by deep value, staking yields, and possible capital rotation back to Ether. The key indicator to watch is the ETH/BTC ratio, which will signal whether Ethereum regains ground or continues to lag through 2026.

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Ethereum faces selling pressure as whales offload 550,000 ETH, testing $1,560 support level.

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