Ethereum risks 10% decline versus Bitcoin despite record ETH staking
0.35%LINK$9.46 1.27%DOGE$0.09725 2.90%ADA$0.2533 2.71%BTC$78,906 4.25%XLM$0.1798 0.67%SOL$87.84 2.88%XRP$1.44 1.73%BCH$463.26 3.68%ETH$2,399 3.87%HYPE$40.87 3.31%TRX$0.3287 0.90%BNB$644.98 2.35%USD Written by Yashu Gola,Staff WriterReviewed by Allen Scott,Staff EditorEthereum risks 10% decline versus Bitcoin despite record ETH staking1 hour agoEthereum’s record 32.33% staking ratio is shrinking liquid supply, reducing sell pressure and potentially supporting an ETH price recovery over time. Ether (ETH) has fallen about 5.5% against Bitcoin (BTC) over the past week, and a bearish continuation setup now points to the risk of deeper losses ahead. ETH/BTC’s bear flag pattern points to a possible 10% drop toward 0.026 BTC in May. Ethereum’s record 32.33% staking ratio is tightening liquid supply. The ETH/BTC ratio has been carving out a bear flag pattern since February, consolidating inside a
Source: https://cointelegraph.com/news/ethereum-decline-10percent-versus-bitcoin-despite-record-eth-staking?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound


