Ethereum Crashes 74% Against Bitcoin; Is Reversal Imminent?
Portfolio Pulse from
Ethereum has experienced a significant decline against Bitcoin, dropping 74% since its proof-of-stake transition in September 2022. The cryptocurrency is facing challenges including reduced investor confidence, withdrawals from ETH ETFs, and a lowered price prediction from Standard Chartered. The upcoming Pectra mainnet upgrade might provide short-term sentiment boost.
March 28, 2025 | 3:00 pm
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NEGATIVE IMPACT
ETH has dropped 74% against BTC since the proof-of-stake transition, with ongoing market challenges and reduced investor confidence.
Significant price decline, ETF withdrawals, reduced price predictions, and market sentiment suggest continued bearish pressure on Ethereum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
ETHUSD has seen a 6.44% decline in 24 hours, trading at $1,889, reflecting broader market challenges for Ethereum.
The USD trading pair reflects the broader market challenges and negative sentiment surrounding Ethereum.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80