The ETH/BTC trading pair has dropped nearly 15% as the market braces for a critical 48-hour support test. On Thursday morning, ETH/BTC was trading at approximately 0.0327, a significant decline from its summer highs above 0.05. Meanwhile, Bitcoin's price remained stable in the mid-to-high $80,000s, while Ethereum fell to the low $2,800s.
Market analysts are closely monitoring the support level near 0.0325 and the 20-day moving average for potential market shifts. The rise in Bitcoin dominance is attributed to increased ETF inflows and delays in U.S. crypto legislation, which have redirected capital towards Bitcoin.
ETH/BTC Pair Declines 15% Amid Market Caution
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