Ethereum has struggled to keep pace with Bitcoin in 2026, with the ETH/BTC pair down nearly 20% year-to-date. Bitcoin's dominance in the market remains evident, holding at 60.6%, as investors continue to favor BTC over altcoins. This trend is reflected in ETF flows, with Bitcoin Spot ETFs experiencing net outflows of $1.26 billion, while Ethereum Spot ETFs saw outflows of $216 million.
The current market conditions suggest a continued preference for Bitcoin, with Ethereum unable to gain significant momentum. Despite short-term altcoin rallies, the overall market remains Bitcoin-led, with no immediate signs of an altcoin season emerging.
Ethereum Lags as Bitcoin Dominance Remains Strong at 60.6%
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