đ Ethereum is still strugglingâŠ
đ Two years to the day after The Merge, Ethereum (ETH) still canât do it!
đ As you know, the Bitcoin price stalled at $70,000, then fell by more than 30% until reaching a low of around $49,000.
đ Ethereum (ETH) followed BTC, but it has posted a more severe dump of nearly 50% since March. In addition: the price has not managed to record an ATH since 2021⊠And all this despite:
đ The Merge update (September 15, 2022) which moved Ethereum from Proof of Work (PoW) to Proof of Stake (PoS)
đ the launch of spot ETFs in July
đ§ Despite these two historic events, Ethereum has not recorded a new ATH against the dollar, and it remains fragile against Bitcoin. The ETH/BTC pair is still evolving below the 365-day moving averageâŠ
PS: If you like this kind of analysis, let me know by posting reactions below âŹïž
#ETH/USDT #etherreum #ETHETFsApproved #bitcoinhalvingn $ETH $BTC
