ETH/BTC Ratio Drops 37% Since Merge, Analyst Predicts Rebound Amidst Economic Influences

ETH/BTC Ratio Drops 37% Since Merge, Analyst Predicts Rebound Amidst Economic Influences

ETH/BTC Ratio: A Post-Merge Analysis Cryptocurrency research firm 10x Research has recently delved into the performance of the ETH/BTC ratio since the Ethereum Merge in September 2022. Their findings indicate a 37% decline in the ratio since the network's transition to a Proof-of-Stake consensus mechanism. Impact of Macroeconomic Factors 10x Research suggests that the ETH/BTC ratio has been more heavily influenced by macroeconomic factors, particularly inflation, than by specific Ethereum-related developments such as the Merge or the upcoming Danksharding upgrade. Anticipated Rebound Despite the recent decline, 10x Research expresses optimism for a potential rebound in the ETH/BTC ratio following the release of the US consumer price index (CPI) this week. The CPI announcement is closely watched by market participants as it provides insights into inflationary trends and can impact investor sentiment. Conclusion The ETH/BTC ratio has experienced a significant drop since the Ethereum Merge, largely driven by macroeconomic factors. However, analysts anticipate a potential rebound in the coming days as the market reacts to the CPI announcement and assesses the broader economic landscape.