Matrixport: Ethereum May Underperform Again
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Odaily Odaily News Matrixport published an analysis that the ETH/BTC exchange rate has been on a clear downward trend since the merger of the PoW and PoS chains in September 2022. Although Ethereum occasionally surpassed Bitcoin for a short period of time, this situation did not last. As the exchange rate pair approaches the top of the downward channel, ETH may perform poorly again.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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