Ethereum Underperforms in Crypto Selloff Compared to Bitcoin

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 04 2026

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Market Performance Divergence: During the June 2026 crypto selloff, Ethereum (ETH) dropped approximately 7.5% in 24 hours, while Bitcoin (BTC) fell around 5%, indicating Ethereum's higher volatility and reflecting its elevated risk profile in the market.
Declining ETH/BTC Ratio: The ETH/BTC ratio fell to a 10-month low of 0.0283, down over 35% from its August 2025 peak, indicating Ethereum's persistent underperformance relative to Bitcoin, which translates into greater pressure during selloffs.
ETF Outflow Impact: In an early June trading session, US spot Bitcoin and Ethereum ETFs together saw over $609 million in outflows, with Ethereum products losing about $90 million; while Bitcoin's absolute loss was larger, the relative outflow from Ethereum's smaller market size was more severe.
Increased Competitive Pressure: Ethereum faces intensified competition from faster and cheaper rivals like Solana, leading investors to question whether Ethereum can capture the value implied by its valuation during downturns, which weakens buying confidence.

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Technical Analysis for ETH

Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Ethereum (ETH) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1100.393	1303.037	1487.783	1690.427	1875.173	2077.817	2262.563
Fibonacci	1303.037	1451.02	1542.444	1690.427	1838.41	1929.834	2077.817

About ETH

Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.The Ethereum Foundation officially launched the blockchain on July 30, 2015, under the prototype codenamed “Frontier.” Since then, there has been several network updates — “Constantinople” on Feb. 28, 2019, “Istanbul” on Dec. 8, 2019, “Muir Glacier” on Jan. 2, 2020, “Berlin” on April 14, 2021, and most recently on Aug. 5, 2021, the “London” hard fork.Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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