ETH/BTC: A Lower Outlook for Ethereum after Merge?

IconCryptoNewsTerminal Staff13 Jun, 2024

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ETH/BTC: A Lower Outlook for Ethereum after Merge?

### Ethereum Struggles to Outperform Bitcoin Post-Merge Since the Ethereum Merge in September 2022, the ETH/BTC ratio has witnessed a consistent downward trend. While Ethereum has briefly surpassed Bitcoin at times, it has failed to maintain dominance. As the indicator approaches the upper end of its range, analysts predict a potential decline for ETH. Matrixport's recent analysis suggests that Ethereum may face a downside movement in the near future. Experts believe this trend highlights the ongoing challenges Ethereum faces in establishing itself as a superior investment compared to Bitcoin. The Merge, intended to enhance Ethereum's efficiency, has yet to deliver significant gains or attract widespread adoption. As the market continues to evolve, it remains to be seen whether Ethereum can overcome these obstacles and regain its momentum against Bitcoin.

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