Since the bottom of the bear market in 2022:
Bitcoin is up 442%
Ethereum is up 153%
ETH isn't performing poorly, but the performance gap with BTC has grown significantly.
Bitcoin rallies aren't pulling Ethereum up strongly enough, while each correction hits ETH particularly hard.
The price action since last week demonstrates this pattern perfectly.
Breaking out will remain difficult as long as this pattern persists.
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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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