Ethereum falls back to five years ago! "ETH/BTC" breaks 0.02, creating a new low since 2020, and the community's fear, uncertainty and doubt (FUD) hasn't stopped.

The exchange rate ratio of Ethereum to Bitcoin (ETH/BTC) fell below 0.02 today, a new low in more than five years and even lower than at the beginning of 2020, causing panic and doubt in the community, which experts say represents the belief that Ethereum has built up in the past five years has returned to zero at the market level. (Synopsis: Ethereum OG sprayed "ETH is not saved": the foundation should admit four major mistakes, and it has mastered the world's largest computing power in 2021) (Background supplement: Base chain game Infected jumped to Solana: Open Ethereum EVM, no culture, no users are not suitable for game construction) Ethereum has recently suffered a market sell-off, and the exchange rate against Bitcoin (ETH/BTC) fell below the 0.02 water level today (7), hitting a new low since the beginning of 2020, It shows that the market is very distrustful of Ethereum relative to bitcoin, and it is a priority asset to sell, and the community has recently intensified its criticism of Ethereum, which is in a dual crisis of trust between the community and the market. Tariff war makes assets "original" Today's news of Trump's tariff war is brewing in Asia, which not only triggered the financing of Japanese stock futures, but also caused a sharp decline in Hong Kong, South Korea and Taiwan, which can be described as a bloody wash in the market. At this time, the cryptocurrency market also caused a big plunge, not only Bitcoin fell to the $77,000 water level, but also the second largest cryptocurrency Ethereum is the hardest hit area, the currency circle believes that Defi's arbitrage stability indicator "ETH/BTC", in 24 hours hit a 7.5% decline, showing that the market out of Ethereum faster than bits, but also once fell below 0.02, the water level has returned to the level of early 2020, Motion Area Consulting anonymous coin circle market experts said that this is a big warning for Ethereum, In particular, the market believes that Ethereum's achievements have all gone to zero within five years, which has greatly lost investor confidence: ETH/BTC is already a trading pair that will not change relative to the relative price of stablecoins and tokens, so many large investors in the Defi era look at this indicator to see the stability of the market, and the loss of investment liquidity is smaller than that of other liquidity. But you see that this ratio can fall by 5% a day, this volatility range is already a single currency attribute level, representing that special investment in this liquidity hedgers can not avoid losses, which is a very big blow to long-term investors, especially those who are still optimistic about Ethereum, many believers are from 0.13 to put liquidity to 0.02 now, people who are optimistic about Ethereum even if they only invest in ETH/BTC, now the value is less than 1/6, I know a lot of Ethereum believers who have already appeared heartbroken... Ethereum's decay from 2024 It seems that from Trump's tariff war, Ethereum began to show its original form, but in fact, from 2024, Ethereum began to show a large number of signs of decay, not only Ethereum's soul Vitalik was scolded by the community, but also many internal ecology and supporters, investors since 2024 also publicly criticized the Ethereum Foundation's inaction, triggering the recent review and restructuring of the Ethereum Foundation. Extended reading: Aave team opens V God and the Ethereum Foundation: The firing founder and team "don't just care about dumping" But apparently the reshuffle did not quell the anger of the community, and before the big fall, there were three community FUD Ethereum news in the recent week, all from different Ethereum's past friendly forces, such as Base game developers, Ethereum OG, venture capital Paradigm, all shelling Ethereum's deep problems, from culture, decision-making, programming languages, to the corruption of the foundation and so on. Ethereum has also reorganized new senior managers since this year, including some female cadres, such as the new chairman Aya Miyaguchi, the new executive director Wang Xiaowei, etc., but subsequently in the community, Ethereum's new senior management has also caused some community controversy, such as Aya Miyaguchi in the past community has responded that he believes that the use of Ethereum "Ethereum is very valuable, we can use it to support developers", which also caused a lot of controversy. It shows that there is still a big gap between the internal expectations of the Ethereum fund and the general public. Related reports ETH Hangzhou participant survey: Ethereum is frustrated in middle age, and the price is hopeless in three years Dialogue with BRC-20 founder: Ethereum traitor retreats for 48 hours, rewriting the history of bitcoin ecology Vitalik landed in Taipei! Ethereum Foundation's mission, where to go next? Full answer with EF's new executive director Wang Xiaowei (ETH Taipei directly hit) "Ethereum fell back five years ago! "ETH/BTC" fell below 0.02, hitting a new low since 2020, and the community FUD has not stopped" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media".