This article is about blockchain, trading, and technology news. Here is the summary:

Ethereum’s native token Ether (ETH) has fallen below its longest-standing support level against Bitcoin (BTC). The ETH/BTC pair has lost support from an ascending trendline that has been coinciding with market bottoms since 2016. This indicates strong selling pressure coupled with increasing trading volume. In 2024, the launch of spot Bitcoin ETFs and the poor performance of Ethereum’s own ETF have reduced ETH’s appeal. Furthermore, the increasing adoption of Solana (SOL) has also weakened Ethereum’s market dominance. ETH price could fall another 50% from current levels. Share your thoughts in the comments.