$ETH is feeling the heat from $BTC ! đ„
The ETH/BTC ratio just hit its lowest point since April 2021. đ This means that investors are losing their cool for ETH and turning to BTC instead. đ„¶
Why the sudden shift? đ€ Well, it seems that the recent launch of #Bitcoin ETFs has stolen the show. Investors are pouring money into Bitcoin ETFs while pulling out of #Ethereum ETFs. đ°
Some traders are saying this could be a sign of a broader market trend: investors are favoring Bitcoin's perceived stability over Ethereum's riskier, high-yield potential. âïž
Analysts are predicting that the ETH/BTC ratio could drop even further, possibly to the 0.02-0.03 range. đ Unless, of course, there's a major change in investor sentiment or some regulatory clarity that favors riskier assets like altcoins. đ€
So, what do you think? Is this the beginning of the end for #ETH ? Or will it bounce back? Let us know your thoughts in the comments! đŹDYOR! #BullorBear
Credit: CoinDesk đ
