$ETH fell by about 45% in Q1, so many are now disappointed. However, looking at the on-chain data, it seems that the picture may change in Q2. Network usage, staking and active addresses are gradually increasing, which could give strength in the future. Although the ETH/BTC ratio is still going down, meaning it looks weaker compared to Bitcoin.
👉 Still, history shows that after such a period, ETH often makes a sudden good recovery and even outperforms Bitcoin.