ETH/BTC Breaks Key Support: Ethereum’s ETH has fallen below a critical trendline against Bitcoin, breaking support levels that historically prompted massive rebounds. The ETH/BTC pair dropped 15%, fueled by rising trading volumes—a sign of strong selling pressure.

Bitcoin and Solana Outshine Ethereum: Ethereum’s struggles in 2024 stem from Bitcoin’s growing dominance, driven by U.S. spot Bitcoin ETF launches and its upcoming halving. Meanwhile, Solana’s smart contract growth has drawn capital away from Ethereum, with SOL/ETH surging over 925% since late 2022.

ETH Could Fall Another 50%: Technical patterns, including an inverse cup-and-handle formation, point to ETH/BTC declining to 0.017 BTC by late 2024, a 50% drop. However, a strong rebound from current support at 0.0317 BTC could challenge this bearish outlook, targeting 0.043 BTC instead. Show Less