Ethereum (ETH) is underperforming Bitcoin (BTC) as the ETH/BTC ratio has dropped to 0.036, indicating a weakening in Ethereum's relative strength. While Bitcoin has reached new all-time highs, Ethereum's price has remained stagnant over the past four days. Technical indicators, including a flattening Chaikin Money Flow (CMF), suggest reduced buying interest and slowed capital inflows into Ethereum.
The current market dynamics imply that if the downward pressure persists, Ethereum's price could fall towards $4,211. Conversely, a bullish breakout above $4,766 might propel ETH towards its previous high of $4,957.
Ethereum Lags Behind Bitcoin as ETH/BTC Ratio Declines to 0.036
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