Odaily星球日报讯 FxPro 高级分析师 Alex Kuptsikevich 表示，“长期来看，以太坊开发者的活动，无论是在区块链本身还是其周围日益扩展的生态系统中，都是 ETH 上涨的原因。然而，到 2023 年底，这一趋势转向了比特币，随着交易所交易基金（ETF）的前景变得更加突出。需要注意的是，以太坊 ETF 的推出并没有吸引到与比特币 ETF 类似的买入兴趣，而是导致净流出，同时也没有扭转 ETH/BTC 汇率的下降趋势。 ETH/BTC 汇率有可能进一步跌入 0.02-0.03 区间。考虑到在比特币减半后几个月，投资者对山寨币的总体积极情绪以及山寨币与美股的更高贝塔系数，这一情况令人惊讶，而美股近几个月表现相当强劲。”（CoinDesk）

FxPro高级分析师：ETH/BTC汇率或将跌至0.02-0.03区间

Odaily Odaily News FxPro senior analyst Alex Kuptsikevich said, &quot;In the long run, the activity of Ethereum developers, both in the blockchain itself and in the expanding ecosystem around it, is the reason for the rise of ETH. However, by the end of 2023, the trend turned to Bitcoin, as the prospects for exchange-traded funds (ETFs) became more prominent. It should be noted that the launch of the Ethereum ETF did not attract similar buying interest as the Bitcoin ETF, but instead led to net outflows, and did not reverse the downward trend in the ETH/BTC exchange rate. The ETH/BTC exchange rate has the potential to fall further into the 0.02-0.03 range. This is surprising considering the overall positive sentiment of investors towards Altcoin a few months after the Bitcoin halving and the higher beta coefficient of Altcoin with U.S. stocks, which have performed quite strongly in recent months.&quot; (CoinDesk)

FxPro senior analyst: ETH/BTC exchange rate may fall to 0.02-0.03 range

The price of Ethereum relative to Bitcoin has also fallen to its lowest level since April 2021.
Against the backdrop of volatility in the cryptocurrency market, the price of Ethereum has fallen 6% in the past 24 hours, from a high of $2,425 on September 15 to a low of $2,260 on September 16.
During the flash crashes on August 5 and September 7, the asset briefly fell below $2,200 and has now retreated to its lowest level since January.
Meanwhile, the overall cryptocurrency market has declined by 4%.

Surrounded by FUD, is Ethereum in deep crisis? ETH price against BTC falls to three-year low!

According to the news from Mars Finance, on September 16, Bitfinex released a report stating that "Bitcoin has recently rebounded strongly, rising more than 15% from its recent low of $52,756, supported by a significant increase in inflows to Bitcoin ETFs. Over the past week, Bitcoin ETFs recorded a net inflow of $403.9 million, reversing the long-term trend of capital outflows and indicating a recovery in investor confidence in the asset. This rebound is mainly driven by positive buying in the spot market. In contrast, the volatility in the futures and perpetual contract markets is relatively small, indicating that the current price increase is primarily based on real capital inflows rather than speculative leverage, providing a more sustainable basis for this rebound.

However, Bitcoin currently faces a critical resistance level between $60,500 and $61,000, which has played a key role since early March. Although ETF inflows remain strong, there are signs that the market may stagnate, as the spot CVD (order book imbalance) has stabilized over the weekend. The market's volatility this week is likely to be higher, mainly driven by investors' expectations of the Federal Reserve's decision. Whether the rate cut is 25 basis points or 50 basis points, it may affect market sentiment. At the same time, the correlation between Bitcoin and the US stock market is strengthening, indicating that the volatility in traditional financial markets may increasingly impact Bitcoin's price. Bitcoin has also decoupled from gold, which hit a new all-time high last week, reflecting a shift in investors' preference for traditional safe-haven assets in a risk-averse environment.

Overall, asset prices continue to be driven by the outlook for inflation. US core inflation has strengthened slightly, and we believe this will make the Federal Reserve more cautious about rate cuts, and we expect a smaller 25-basis-point rate cut rather than a more aggressive 50-basis-point cut."

Bitfinex Report: Bitcoin’s Key Resistance Level is Between $60,500-61,000

OKX market data shows that BTC briefly fell below 59000 USDT, currently trading at 59124.7 USDT, a 24H decline of 1.43%. ETH briefly fell below 2300 USDT, currently trading at 2318.51 USDT, a 24H decline of 4.11%.