By CryptoSlate | Created at 2024-12-06 16:57:01 | Updated at 2024-12-22 07:08:30
2 weeks ago
Ethereum has recovered most of its losses against Bitcoin since November, gaining 28% to 0.04 BTC from a low of 0.0322 on Nov. 21. Ethereum also broke $4,000 for the first time since February, currently sitting at $4,009, as of press time.
Trading data showed marginal shifts day-over-day, with the rate moving from 0.03805 BTC on Dec. 4 to 0.0388 BTC on Dec. 5, marking a 0.07% uptick before reaching 0.04 today.
Despite the past month’s gains, Ethereum remains down against Bitcoin compared to the start of the year, declining around 34%. This longer-term perspective suggested that while short-term rallies may shift the ratio upward, the pair’s broader trajectory still reflected an extended period of relative weakness.
