#持有SCDO未来星辰大海
This former leading altcoin, has now fallen to its lowest point since February 2020 at #BTC .
At the time of writing, the trading price of ETH is $1,499, leaving those investors who bought in during the 2018 ICO bull market with almost no returns.
Key Insights:
📉#ETH
In 2023, Bitcoin has fallen by 44%, marking the third consecutive year of losses.
📉 A staggering 79% drop from the peak driven by the hype of decentralized finance (DeFi) and non-fungible tokens (NFTs) in December 2021.
📉 Ethereum has fallen below the critical 0.02 ETH/BTC level, an important psychological level for many traders.
Looking Ahead:
🔮 The next key support level for ETH/BTC is 0.01615 BTC, which was last seen in September 2019. To reach this level, ETH needs to drop another 18% against Bitcoin.
🔮 As bearish sentiment continues to grow, the question remains: Will Ethereum find a bottom soon, or are we heading towards deeper declines?
The market's reaction to this ongoing decline and broader market conditions will play a key role in determining whether Ethereum can recover or continue its bearish trend. 🚀📉
ETHBlockchain
BTC Price Analysis#
