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Ethereum's Deep Value

Ethereum doomers are getting awfully loud lately...
Ethereum's Deep Value
Jack Inabinet Jack Inabinet
Apr 6, 2024 • 2 min read
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Deep Value Territory? ETH doomer boomers are out in full force after the ETH/BTC ratio took a turn for the worse, breaking below the key support at 0.05 to threaten 2024 lows. What happened in markets this week?

Alts found themselves in decline against Bitcoin on the week as BTC dominance rose by 2.2% to commence the second quarter, adding to Ethereum's problems, whose relative valuation against BTC had already slid throughout the majority of March.

It’s official. ✂️ pic.twitter.com/54PR6S9P59

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Ethereum Ethereum Bitcoin Bitcoin
Jack Inabinet

Written by Jack Inabinet

932 Articles • View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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