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Warning from 50-Year Analyst Peter Brandt This Time for Ethereum (ETH)!
Bitcoin (BTC), Donald Trump's presidential victory has led it to reach record after record, while the second largest cryptocurrency by market capitalization, Ethereum (ETH), lagged behind BTC with its weak performance.
The situation has not changed and Ethereum continues to show weakness against Bitcoin, while the analyst Peter Brandt, who has over 50 years of experience, warned investors about ETH.
Responding to a user's post, Brandt shared a chart of the ETH/BTC pair highlighting an ongoing decline.
The chart shows that Ethereum has continuously declined against Bitcoin because it has been unable to keep up with the momentum in Bitcoin in recent months.
Brandt warned that Ethereum may continue to lose value against Bitcoin, drawing attention to the ongoing downtrend in the ETH/BTC pair.
According to the data, Bitcoin increased by 53% on an annual basis, while Ethereum lost 42% of its value.
An positive development for ETH occurred in response to Peter Brandt's warning. Accordingly, the US Ethereum ETFs experienced their first positive net inflows after eight weeks of outflows. Although the inflows remained relatively modest, it indicates a potential change in sentiment for ETH.