The exchange rate of ETH to BTC has dropped to 3.12, close to the historical low!
This indicates that the market is indeed panicking, and some large holders have moved a significant amount of ETH to exchanges, suggesting that a sell-off might be imminent.
So, will there be a rebound from the bottom next, or will it continue to drop, or even experience a panic-driven crash?
In February, I mentioned that the bottom of this round of ETH decline would be around 1500, but now it feels like it might not hold, so will it go to the 1350 monthly support level or to the 1100 bull-bear rotation support level? #ETH
