Ethereum Price Weakness Against Bitcoin Raises Risk of Further ETH Decline

Ethereum has continued to struggle against Bitcoin, with Ether losing more than 35% of its value relative to BTC over the past year. Market analysts are now questioning whether Ethereum’s downward trend could continue through 2026 as technical signals and exchange data point to growing pressure on the asset.

Ethereum vs Bitcoin Performance Shows Continued Weakness

The ETH/BTC trading pair remains below a long-term descending resistance line that has limited recovery attempts since 2022. A similar market structure previously led to a major decline between 2024 and 2025, increasing concerns that history could repeat itself.

After failing to hold above key technical resistance in late 2025, Ethereum slipped below an important support zone near 0.034 BTC. Analysts believe the next downside level could reach around 0.0176 BTC if selling pressure remains strong, marking a possible 40% decline from current levels.

Ethereum Exchange Reserves Increase as Bitcoin Supply Tightens

CryptoQuant data also highlights a growing difference between Ethereum and Bitcoin reserves on exchanges. Ether holdings on Binance have climbed to nearly 3.62 million ETH, suggesting more tokens may be available for selling.

Meanwhile, Bitcoin exchange reserves continue to decline, reflecting stronger long-term holding sentiment and tighter available supply, factors that may continue supporting BTC over Ethereum in the months ahead.