Ethereum Risks 10% Dip Versus Bitcoin Despite ETH Staking Milestone
Cointelegraph
Technical analysis suggests a potential 10% decline for ETH/BTC, even as Ethereum reaches a record 32.33% staking ratio.Summary
The ETH/BTC trading pair is currently exhibiting a bear flag pattern, suggesting a potential 10% price correction toward the 0.026 BTC level by May. Despite this technical bearishness, Ethereum's fundamentals remain robust, with a record 32.33% of its total supply now staked. This increase in locked supply reduces liquid availability, which could eventually mitigate selling pressure. However, Ether continues to underperform Bitcoin due to Bitcoin's strong institutional appeal and the recent softening of Ethereum's "ultrasound money" narrative.
(Source：Cointelegraph)