CandleFocus Analyst Slams Ethereum’s Chart as ‘Most Disgusting’ as ETH/BTC Pair Records 30% Fall
2024-10-04
Author: Content Editor
The price of Ethereum is struggling to gain momentum and has experienced a sharp decline of 10.47% over the past week. The ETH/BTC trading pair has underperformed, reaching new lows and causing concern among analysts. Michaël van de Poppe, founder of MN Consultancy, described Ethereum's performance against Bitcoin as "disgusting" and raised questions about its future if it tests its bottom. There has been a significant increase in large-scale selling by early investors, including a notable whale wallet that sold 19,000 ETH, valued at approximately $47.54 million. These selling activities, along with the Ethereum Foundation's active selling, may have contributed to Ethereum's underperformance.
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