FxPro senior analyst: ETH/BTC exchange rate may fall to 0.02-0.03 range
On September 16, FxPro senior analyst Alex Kuptsikevich stated, "In the long run, the activity of Ethereum developers, both in the blockchain itself and in the ever-expanding ecosystem around it, is the reason for the rise of ETH. However, by the end of 2023, this trend will shift towards BTC, as the prospects for exchange-traded funds (ETFs) become more prominent.
It should be noted that the launch of Ethereum ETFs has not attracted the same buying interest as BTC ETFs, but has instead led to net outflows, and has also failed to reverse the downward trend in the ETH/BTC exchange rate.
The ETH/BTC exchange rate may further decline to the 0.02-0.03 range. Considering the overall positive sentiment towards Altcoins a few months after the BTC halving, as well as the higher beta coefficient of Altcoins compared to US stocks, this situation is surprising, given the relatively strong performance of US stocks in recent months."
