#novedades The fundamentals of the ETH/BTC pair support a bearish outlook

The outlook for Ether to continue declining against Bitcoin stems from factors that go beyond technical analysis.

For example, Ethereum currently faces strong competition from rival layer-1 blockchains, namely Solana

SOL

122.36 €

.

VanEck noted that the volume of Solana's decentralized exchanges has surpassed that of Ethereum even during a significant drop in memecoin trading activity. Meanwhile, Solana's volume has steadily increased in recent months, coinciding with a decline in Ethereum's volumes.