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ETH price nears 3-year lows vs. Bitcoin — Will an Ethereum ETF stem the tide?

From cointelegraph.com

The price of Ether in Bitcoin is nearing a three-year low. However, several key technical indicators are flashing bullish, and some analysts are anticipating potential gains ahead for ETH/BTC. Ethereum down 33% vs. Bitcoin since the Merge Ethereum price in USD terms has more than doubled in price since switching to proof-of-stake in September 2022. But the picture is very different when priced in Bitcoin as the ETH/BTC pair is down roughly 33% since the Merge. More recently, ETH/BTC has continued slumping, losing over 9% in the past month with a drop to 0.048 BTC. The last time the trading pair was this low was in ... (full story)

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  • Category: Technical Analysis