CandleFocus Ethereum-Bitcoin Parity Hit Its Lowest Level In The Last Three And A Half Years – Here Are The Latest Data
2024-09-15
Author: Content Editor
The ETH/BTC pair has reached its lowest level since April 2021, declining by 53% since Ethereum's September 2022 Merge update. Bitcoin dominance is increasing, causing the gap between the two leading cryptocurrencies to widen. Cryptocurrency analyst MarktQuant believes that while Ethereum is showing signs of minor recovery, the overall trend remains bearish. The analyst also highlights a slight improvement in the ETH/BTC pair's valuation, but it is still in a strong downtrend. Other pairs like SOL/ETH show marginal positive movement, but caution is advised as no major trend reversal has been confirmed.
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