Over the last six weeks, Ether’s value has slid 18% relative to Bitcoin. Despite this downturn, traders caution against viewing Ethereum negatively, claiming that momentum is shifting.
Merlijin The Trader argues that being bearish on Ethereum is misguided and predicts an imminent upward move. The ETH/BTC ratio currently stands at 0.0332, reflecting a significant decrease since early December.
There are optimistic indicators for Ether, especially with Bitcoin’s increasing adoption. Projections suggest that if conditions align, the price of Ethereum could reach 4,000 USD.