ETH/BTC, the second most important trading pair in the cryptocurrency circle, will continue to be bullish.

Since the 4.14 plunge to 2800, the on-site stock of ETH is lower than the 4000 price during the same period.

It has entered the institutional buying zone (the price of ETH during Bitcoin 5.2).

The recent Bitcoin halving has increased the selling pressure of Bitcoin.

There is also an Ethereum ETF in May.

Combining the above, we have reason to believe that the exchange rate will usher in a phased rebound, and this rebound is estimated to last at least one month.

But in the long run, the weakening of Ethereum is an indisputable fact.

This comes from the triple weakening of its value attributes, investment attributes, and practical attributes.

We will talk about this later when we have time.