ETH/BTC Exchange Rate Forecast: Drop to the 0.0475-0.05 Range
Publication Time:2024-07-23 22:16:07
Based on the analysis by Daniel Yan, founder of Kryptanium Capital and co-founder of Matrixport, despite the market's recent high attention to the volatility of cryptocurrencies, there are new signs in the movement of the ETH/BTC exchange rate. He pointed out that based on the current market situation and investor behavior patterns, the ETH/BTC exchange rate is expected to experience a decline in the coming weeks. Specifically, it is anticipated that the exchange rate will breach the critical level of 0.05 and find a new stable range between 0.0475 and 0.05. Daniel Yan's prediction is partly based on an understanding of market sentiment, including the buying behavior during rumors that may turn into selling after facts are revealed, as well as the expected net flow being negative. These factors together influence the market, leading to the expected changes in the ETH/BTC exchange rate.
Cryptocurrency
Matrixport
Kryptanium Capital
Forecast
ETH/BTC exchange rate