#Novedades The native token of Ethereum, Ether

ETH

1770 €

, has fallen to its multi-year lows against Bitcoin

BTC

77.462 €

, prompting analysts to predict further declines in the coming weeks.

The warning of a 'falling knife' increases selling risks

On March 13, ETH/BTC - a pair that tracks Ether's strength against Bitcoin - fell more than 1.50% to reach 0.022 dollars, its lowest level since May 2020.

The decline of ETH is part of its multi-year downtrend that began when it established an all-time high of 0.156 dollars in June 2017. Since then, it has plummeted more than 85%, highlighting the growing weakness of Ether against Bitcoin.

Meanwhile, in the two-week chart of ETH/BTC, the relative strength index (RSI), a momentum indicator used to measure whether an asset is overbought or oversold, has fallen to a historical low of 23.32.