Ethereum's native token Ether (ETH) has dropped about 17% against the U.S. dollar in the last two weeks. But its performance against Bitcoin (BTC) has been less painful with the ETH/BTC pair down 4.5% over the same period.
The pair's down-move appears as both ETH/USD and BTC/USD drop nearly in lockstep while reacting to the Federal Reserve's potential to hike rates by 50 basis points and slash its balance sheet by $95 billion per month.