$ETH is feeling the heat from $BTC ! ๐Ÿ”ฅ

The ETH/BTC ratio just hit its lowest point since April 2021. ๐Ÿ“‰ This means that investors are losing their cool for ETH and turning to BTC instead. ๐Ÿฅถ

Why the sudden shift? ๐Ÿค” 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. ๐Ÿ’ฐ

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. โš–๏ธ

Analysts are predicting that the ETH/BTC ratio could drop even further, possibly to the 0.02-0.03 range. ๐Ÿ“‰ Unless, of course, there's a major change in investor sentiment or some regulatory clarity that favors riskier assets like altcoins. ๐Ÿคž

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! ๐Ÿ’ฌDYOR! #BullorBear

Credit: CoinDesk ๐Ÿ™