BTC continues to create new ATH, has ETH fallen into oblivion?

On the evening of November 20, BTC continued to create a new ATH around the 95,000 mark. While everyone is excited as BTC keeps reaching new highs, no one is paying attention to the ETH holders who are quite anxious.

In fact, during the previous rise to 90,000 of BTC, ETH closely followed and its growth performance sometimes even outperformed BTC. But at this stage, ETH has dropped 10% from its November peak.

Looking at the ETHBTC chart, it shows that ETH's performance will continue to decline compared to BTC and there are no signs of recovery even though L2 coins have shown positive signs during this period.

This season, trading ETH is quite challenging, as the market makers often push ETH up by 30-50% and then stagnate for a relatively long period.

For MGS Trading, ETHBTC will continue to cycle down towards around 0.0275 - 0.025 before it can bounce back and pull ETH back to its rightful position.