🚨 Crypto News: The $ETH / $BTC ratio has nosedived to its lowest levels since March 2021, leaving investors buzzing. While $BTC flexed its muscles with a brief ascent to $98,000 and a solid 7.45% weekly gain, ETH seems to be indecisive, treading water with minimal movement.
The ratio, once peaking at a yearly high of 0.060 in February, now sits at a humbling 0.033. Speculations of an altcoin season led by #ETH have waned as institutional money flows heavily into $BTC, pushing it closer toward its six-figure milestone. Meanwhile, Ethereum struggles to recapture its former glory, even after hitting $4,000 earlier this year.
Adding pressure to $ETH’s performance are rising exchange inflows, totaling 461,901 ETH (around $1.5 billion). This signals potential selling pressure, ramping up supply on exchanges—never a good look for prices. With the Parabolic SAR still hovering above Ethereum levels, analysts warn of potential retracement to $3,083 unless bulls rally to flip the trend and reclaim $4,000.
What do you think: Is Ethereum losing its edge, or is this #BTC dominance just a temporary heatwave? Let's debate!
