Ethereum falls against Bitcoin to five-year low

Ethereum has been in a dip for some time, and during the current correction phase it seems to have reached a new low. Compared to Bitcoin's price trend, Ether has now dropped to its lowest level in five years.

This is evident from data from TradingView, showing that Ether's value against Bitcoin is now at its lowest point since May 2020.

This trend has accelerated over the past 12 months. While Bitcoin has risen 13 percent in a year, Ethereum is down more than 50 percent.

Ethereum is struggling with several problems, which translate into its weak share price performance. For example, the project currently seems to be struggling to create a compelling and sellable vision.