📉 Ethereum is still struggling…

🔍 Two years to the day after The Merge, Ethereum (ETH) still can’t do it!

👉 As you know, the Bitcoin price stalled at $70,000, then fell by more than 30% until reaching a low of around $49,000.

👀 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:

🔜 The Merge update (September 15, 2022) which moved Ethereum from Proof of Work (PoW) to Proof of Stake (PoS)

🔜 the launch of spot ETFs in July

🧐 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 average…

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