Matrixport: Compared to Bitcoin, Ethereum may underperform again
News on June 12, Matrixport officially announced that since the merger of PoW and PoS chains in September 2022, the ETH/BTC exchange rate has been clearly declining. Although Ethereum occasionally briefly surpasses Bitcoin, this situation does not last. As the exchange rate approaches the top of the downward channel, ETH may perform poorly again.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The total on-chain holdings of US spot Bitcoin ETFs have surpassed 1.32 million BTC.
Yesterday, the net inflow of US spot Ethereum ETFs was $76.6 million.
Analyst: Bitcoin has bottomed out in the short term, a rebound towards $100,000 may occur

BlackRock IBIT holdings drop to 777,700 BTC