Why Ethereum Underperformed Bitcoin — Will the Trend Change?

If you’ve held Ethereum alongside Bitcoin over the past four years, you’ve watched a frustrating pattern unfold. Bitcoin made new all-time highs in late 2021, again in late 2023, and recently pushed toward six figures in early 2025. Ethereum, meanwhile, struggled to reclaim its November 2021 peak of roughly $4,900 even as the broader crypto…