👀The ETH/BTC exchange rate has hit a new low again



First, let’s understand what it represents❓

ETH/BTC is the price ratio of Ethereum relative to Bitcoin—i.e., 1 ETH ≈ how many BTC

ETH/BTC rising💹 → Ethereum outperforms Bitcoin (ETH has a larger upside, or a smaller downside). If Ethereum is stronger than Bitcoin, it means market funds are continuously flowing from BTC to ETH, and not the other way around
ETH/BTC falling📉 → Ethereum underperforms Bitcoin (ETH has a smaller upside, or a larger downside). If Ethereum is weaker than Bitcoin, it means Bitcoin dominates the market, and ETH is relatively weakening

The current price is down 34% from the high (0.04327 → 0.02842), and there are no clear signs of a turnaround, with a weak medium- to long-term outlook

In simple terms, in the short term, it’s hard for ETH to outperform BTC unless BTC itself drops sharply and ETH falls less. ETH’s relative value is being diluted by BTC, so it’s important to pay attention to a BTC-dominated market environment.

#Gate广场五月交易分享
ETH-1.28%
BTC-1.48%
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