Cryptocurrency Analyst Is warning of Ethereum (ETH) Underperformance
A trending digital currency expert cautions that Ethereum (ETH) will continue to lag behind Bitcoin (BTC) (BTC).
The trader known as Credible Cryptocurrency, with over 353,200 followers on X, believes that the Ethereum (ETH) versus Bitcoin (BTC) pair (ETH/BTC) is still in a macro downtrend.
According to the analyst, the rally in ETH/ Bitcoin following news about BlackRock filing for an Ethereum (ETH) exchange-traded fund (ETF) quickly faded, indicating the pair’s weakness.
The trader predicts that ETH/ Bitcoin will fall to the range between 0.03 Bitcoin and 0.036 Bitcoin ($1,121 – $1,345). As of now, ETH/ Bitcoin is trading for 0.054 Bitcoin ($2,018).
Hot Take: Headwinds for Ethereum
A trending digital currency expert predicts that Ethereum (ETH) will struggle to keep pace with Bitcoin (BTC) due to the macro downtrend of the ETH/ Bitcoin pair. Regardless of recent news about an ETF, the analyst believes that Ethereum’s performance will continue to be outperformed by Bitcoin (BTC) in the short term.
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