One market analyst said there’s “no reversal in sight” for Ethereum’s value against Bitcoin.
Ether traders are bracing for more price volatility after the ETH/BTC ratio — a prominent trading pair among crypto market participants — has plunged even further below its lowest point in three years.
“ETHBTC with new multi-year lows 0.03496,” Galaxy head of research Alex Thorn noted in a Nov. 5 X post.
Market analyst Zach Voell believes there is “no reversal in sight” for the trading pair.
