Ether could drop another 50% against Bitcoin by the end of 2024 after entering a technical breakdown setup.
Ethereum’s native token, Ether (ETH), recently slipped below its longest-serving support level against Bitcoin (BTC), leading top analysts to conclude that it is “dying a slow death.”
Notably, the ETH/BTC pair broke below the ascending trendline support that has coincided with its market bottoms since 2016.
That includes the pair’s 300% rebound between December 2020 and December 2021 and a 1,800% recovery between January 2017 and May 2017.
