On May 4th, according to Cointelegraph, the ETH to BTC exchange rate is approaching a critical level of of - a level that triggered a 450% surge in ETH/BTC in September 2019. The, technical structure of the ETH/BTC exchange (rate (about 0.019 BTC) is highly similar to 2019, with the Relative Strength Index (RSI) in the oversold area and the rate continuing below key moving averages. Ethereum dropped 90% after the ICO bubble burst in 2019, and is has fallen 80% from its 2021 peak.
Chart analyst JimieIe out/is to "bearish parabola" resistance formed December 021. If the breakthrough failsout, the rate may explore 0.016 BTC (2 019 successful or open a of.'s early developer Adam Back criticized that Ethereum's account system has a fundamental fflaw, and the PoS transition further concentrates power towards large token holders. He directly said "it's better to sell ETH and buy Bitcoin before zeroing".
The current Ethereum decline is mainly due to market doubts about Transition to's PoS, the rise of competitive public chains, and Bitcoin's increasing dominance as an institutional asset. To address challenges ethereum-italik Buterin recently proposed a new architectural protocol, planning to make Concise reach to's level of conciseness and maintainability within five years. Analysts believe this proposal constitutes a major positive for ETH.
