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How low can ETH price drop versus Bitcoin amid the DeFi contagion?

How low can ETH price drop versus Bitcoin amid the DeFi contagion?

Ethereum’s native token Ether (ETH) has declined by more than 35% against Bitcoin (BTC) since December 2021, with a potential to decline further in the coming months. ETH/BTC weekly price chart. Source: TradingView ETH/BTC dynamics The ETH/BTC pair’s bullish trends typically suggest an increasing risk appetite among crypto traders, where…

Ethereum risks ‘bull trap’ after 25% ETH price rebound

Ethereum risks ‘bull trap’ after 25% ETH price rebound

Ethereum’s token Ether (ETH) could be entering a “bull trap” zone after rebounding back above the $1,000 mark from 18-month lows of $885.  Ether price paints a “rising wedge” The first among these indicators is a “rising wedge,” a classic bearish reversal setup that forms after the price trends upward…