Macroeconomist Lyn Alden, who identifies as a long-term bear on Ethereum, expressed surprise at the cryptocurrency's underwhelming performance against Bitcoin following the recent U.S. presidential election results. Despite anticipating a favorable outcome for Ethereum, she noted significant declines in the ETH/BTC ratio, which hit a multi-year low at 0.033 shortly after the election. While Ether's price saw a 17% increase to $3,107 since November 5, Bitcoin outperformed with a 31% rise to $90,423. Alden commented on the unexpected downturn in ETH/BTC, stating 'New lows after good news,' illustrating the volatility in Ethereum's performance. In contrast, some industry experts, including ConsenSys CEO Joe Lubin, remain optimistic about Ethereum's future, claiming it could benefit from political shifts under the new administration. Following the election, Ethereum ETFs saw substantial inflows, suggesting ongoing interest in the asset despite market challenges.

Source 🔗