NEWSLETTER
ethereum Price continued his strong downward trend against the US dollar and bitcoin as his linear futures moved to setback.
ethereum (eth) crashed at 0.023 against bitcoin (btc), its lowest level since May 2020 and 74% below its highest level during the pandemic.
Similarly, the currency fell to a minimum of $ 1,770, its lowest point since October 2023 and 57% of its highest level in December last year.
The ongoing ethereum price clash is attributed to several factors such as ETF outings ongoing, Increased competition of Capa-1 and Capa 2 networks, and the fact that it is no longer about the most profitable players in the cryptographic industry.
Kraken analysts have also identified another reason when observing the futures market. In a note from crypto.news, Alexia Theodorou, director of derivatives, said in a statement to crypto.news that eth Weekly Linear Futures had entered into a recoil for the first time since August last year. bitcoin's futures, on the other hand, have remained in counting in this period. The statement said:
“Ether's linear futures have entered back for the first time since last August, which reflects the growing bearish feeling in the market and after a strong 20% decrease in the eth price. bitcoin's futures remain in Account, suggesting a relative force in btc in the midst of a broader uncertainty of the market. “
Linear weekly futures are those contracts that are resolved weekly and pay directly according to prices. When passing back, it means that the price of futures has become lower than the spot price, which is a sign that the market expects the price to decrease more.
On the other hand, the counting is the opposite of the retrospective and is a situation in which the prices of the futures are higher than the current levels. It is a sign that the market anticipates bitcoin's relative force in the future.
ethereum VS bitcoin Price Analysis
<img loading="lazy" decoding="async" width="3550" height="1978" src="https://crypto.news/app/uploads/2025/03/ethereum-price-3.png” alt=”ethereum price”/>
The weekly graph shows that the eth/btc price has been in a free fall in recent years. It remains below all mobile averages, a sign that bears have control. Now he is approaching the key support at $ 0.02350, the most under December 20.
The average directional index, a popular indicator that measures the strength of a trend, has moved to 38. A movement greater than 25 is a sign that the trend is being strengthened.
The relative resistance index and the stochastic oscillator have moved to the over -solar level. Therefore, the Token will probably continue to fall as sellers point to the next point at $ 0.0173, the lowest swing in December 2019.
