PANews reported on September 15th that, despite institutional adoption of Ethereum and its historic price surge to all-time highs in July and August, the ETH/BTC ratio has failed to recover above 0.05. Coingecko data shows that the ETH/BTC exchange rate has remained below 0.05 since July 2024, having previously peaked at 0.14 in June 2017. Currently, the exchange rate has fallen to 0.039 from 0.04 in August. In March of this year, the exchange rate plummeted to a five-year low of 0.02 due to macroeconomic uncertainty and escalating trade tensions between the United States and its trading partners. Market analyst James Check stated that since its launch in 2015, Ethereum has outperformed Bitcoin only 15% of the time, with the vast majority of Ethereum's outperformance occurring between 2015 and 2017. Since 2020, Bitcoin has outperformed Ethereum.