The ETH/BTC exchange rate has plunged 6.2%. In the coming quarter, several developments within Ethereum's ecosystem could impact this rate. First, the progress of Ethereum 2.0 upgrades, like improvements in scalability and reduced transaction fees, might boost Ethereum's attractiveness, potentially driving up its value relative to Bitcoin. Second, the growth of decentralized finance (DeFi) applications on Ethereum. If DeFi protocols experience a surge in user activity and locked - in value, it could increase the demand for ETH. Third, the success of Ethereum's Layer 2 solutions. More efficient and widely - adopted Layer 2s may enhance Ethereum's performance, influencing its exchange rate against Bitcoin.