Ether is ‘Dying a Slow Death’ as ETH/BTC Continues to Fall
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Ethereum’s native token, Ether (ETH), recently fell below its longest-standing support level against Bitcoin (BTC), prompting top analysts to suggest it is “dying a slow death.” Ether breaks key support level The ETH/BTC pair has slipped below the ascending trendline support that has marked market bottoms since 2016. This trendline previously triggered notable rebounds, including a 300% rise between December 2020 and December 2021 and an 1,800% surge between January 2017 and May 2017. However, in November 2024, Ethereum bulls failed to hold the support, with ETH/BTC dropping about 15% below it amid increased trading volumes. In technical analysis, losing
Source: CryptoIntelligence
