PlanB: ETH/BTC Has Returned to 2016 Levels After a Decade

Bitcoin analyst PlanB noted that ETH is currently trading around 0.026 BTC, roughly the same level as in March 2016, implying Ethereum has underperformed Bitcoin over the past decade. He also argued that ETH failed to deliver a major ETH/BTC bull-market rally during the 2023–2024 cycle, like it did in 2017 and 2021.