Ethereum, once hailed as a revolutionary platform in the world of cryptocurrencies, has seen a significant decline in performance relative to Bitcoin since the Merge two years ago. This decline has sparked concerns about the future of ether (ETH) and its potential fall into undervaluation territory. Blockchain analytics platform CryptoQuant has identified several key factors
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Opeyemi is a dedicated writer and a passionate follower of the ever-evolving world of cryptocurrency. Despite not initially choosing the digital asset industry, Opeyemi found himself deeply engrossed in the realm over the past two years. His fascination with blockchain technology and the latest trends in cryptocurrencies has led him to create insightful pieces that
Ethereum (ETH) is currently undergoing a tumultuous period, grappling with significant selling pressure and fear in the market following a staggering 23% decline that has brought its price down to yearly lows at $2,200. The ongoing underperformance of ETH compared to Bitcoin has been a cause for concern among investors, with the trend persisting since
Ethereum has been experiencing a significant downturn, characterized by a sharp drop in price after retracing to the lower boundary of a broken wedge pattern. This decline is further exacerbated by the formation of a death cross, where the 100-day moving average crosses below the 200-day moving average. These technical indicators point to a bearish
