Ethereum

bullish

Future

<h2 id="key-points">Key Points</h2>
<ul>
 <li>ETH has reached its lowest level against BTC in over 40 months.</li>
 <li>Traders have shown preference for Bitcoin over Ethereum, evident in ETF investments.</li>
</ul>
<h2 id="ethereum-s-decline-against-bitcoin">Ethereum’s Decline Against Bitcoin</h2>
<p>Ethereum (ETH) has been experiencing a significant decline against Bitcoin (BTC) over the past few months. Despite occasional spikes, the overall trend for ETH has been bearish.</p>
<p>Data from IntoTheBlock reveals that ETH is trading at its weakest against BTC in nearly four years. The ETH/BTC pair analysis on Coinbase shows ETH trading at 0.04044 BTC, a decrease of 0.25%.</p>
<p>Additionally, the 50-day moving average is below the 200-day moving average, forming a Death Cross. This is a bearish signal indicating a potential long-term downtrend.</p>
<h2 id="bitcoin-s-strength-over-ethereum">Bitcoin’s Strength Over Ethereum</h2>
<p>On the other hand, BTC has been showing strength over ETH. Analysis of the BTC/ETH pair on Vantage reveals a strong bullish trend, with the price at 24.7097 ETH.</p>
<p>The chart shows a Golden Cross, where the 50-day moving average has crossed above the 200-day moving average. This signals a possible long-term upward trend for BTC against ETH.</p>
<h2 id="etf-flows-highlight-preference-for-bitcoin">ETF Flows Highlight Preference for Bitcoin</h2>
<p>Data on ETF flows further demonstrate the market’s preference for BTC over ETH. Bitcoin ETFs have seen an inflow of around $92 million this week, compared to a mere $2.9 million for Ethereum.</p>
<p>Furthermore, cumulative total net flow for US spot Bitcoin ETFs is positive at approximately $17.7 billion. In contrast, US spot Ethereum ETFs have a negative net flow of about $607 million. This data shows a clear preference among traders for BTC over ETH.</p>
<p>Despite Ethereum’s recent struggles, traders continue to favor Bitcoin ETFs. As the BTC/ETH ratio remains in Bitcoin’s favor, Bitcoin’s bullish momentum could continue, while Ethereum faces ongoing challenges.</p>

Ethereum records 40-month low compared to BTC: Future outlook for ETH

Table of Contents

CoinEagle.com

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