{"id":152945,"date":"2025-03-13T19:00:52","date_gmt":"2025-03-13T17:00:52","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=152945"},"modified":"2025-03-13T16:45:59","modified_gmt":"2025-03-13T14:45:59","slug":"ethereum-struggles-against-bitcoin-as-analysts-warn-of-further-declines","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ethereum-struggles-against-bitcoin-as-analysts-warn-of-further-declines\/","title":{"rendered":"Ethereum Struggles Against Bitcoin as Analysts Warn of Further Declines"},"content":{"rendered":"
As of March 13, the ETH<\/a><\/strong>\/BTC<\/a><\/strong> ratio reached a new low of $0.022, the lowest point observed since May 2020. This drop was accompanied by the Relative Strength Index (RSI) hitting an all-time low of 23.32, signaling significant market weakness.<\/p>\n While an RSI below 30 typically suggests that an asset is oversold and could be due for a rebound, Ethereum\u2019s prolonged downtrend raises questions about the potential for a swift recovery. Despite the RSI signaling oversold conditions, the price of ETH has continued to fall for the past two months, indicating that a reversal may not be imminent.<\/p>\n Experts are increasingly cautious as Ethereum reaches multi-year lows, with growing concerns about the competitive pressures the asset faces. Crypto analyst Alessandro Ottaviani emphasized<\/a><\/strong> that attempting to purchase ETH now could be like trying to catch a \u201cfalling knife,\u201d warning that further declines are likely.<\/p>\n