**Ethereum Faces Tough Times Against Bitcoin**
Ethereum's native token, Ether (ETH), is struggling against Bitcoin (BTC). As of October 25, the ETH/BTC pair hit 0.0365 BTC, its lowest since April 2021.
Key factors:
- Disappointing ETF launches
- Rising competition from Solana (SOL)
These issues are pushing ETH/BTC lower, with technical indicators suggesting further declines. The pair may drop another 15%, targeting around 0.0319 BTC.
However, Ethereum bulls are hopeful. If ETH/BTC hits the 0.0290-0.0319 BTC range, a rebound of 25-50% could be on the horizon due to oversold conditions.
Stay tuned for more updates!