Ethereum, the second largest crypto currency in the digital asset market $1,874.82Bitcoin 
$84,209.08 He was significantly behind. Many investors and analysts are wondering if Ethereum can recover in the next quarter.
Market data and developments
Market data show that the Ethereum/Bitcoin (ETH/BTC) ratio has decreased to the lowest level of the last five years. According to the data transferred by The Kobeissi Letter
The Kobeissi Letter: ETH/BTC ratio fell to 0.02, which has not been seen since December 2020.
Bitcoin’s appreciation and disruptions in Ethereum’s recovery efforts are considered as important factors that affect this decline.
Market Performance and Technical Updates
In the first quarter, Ethereum’s performance was well below expected compared to Bitcoin’s performance. Throughout the year, the value of Ethereum decreased by 46 %, while Bitcoin had decreased by 12 %. There were various difficulties in the process of the Pectra update that Ethereum should increase the recovery expectation in the market. According to Coings’s information
Coings: Prior to the Pectra update, many trials have failed during the testnet phase.
Bitcoin’s acceptance of digital gold and the fixed supply caused institutions to invest more, while the competition of Ethereum’s high trading fees and other block chain projects led to the hesitation of investors. This negatively affected Ethereum’s attractiveness.
Future expectations and investor hesitations
Some analysts, expanding market conditions and pectra update to the main network of the Ethereum price is likely to increase, while others warned that the ETH/BTC ratio may fall further. In addition, some investors are focused on the possibility of turning to other networks instead of Ethereum, who lost value.
According to CoinMarketcap data, the price of Ethereum increased by 1.34 %in the last 24 hours and rose to $ 1,842.29. Although this increase gives short -term recovery signals, uncertainty continues throughout the market.
Investors and market observers continue to watch carefully to see clearly whether Ethereum can win in the coming days. The expected rise or possible loss of value will be shaped according to the general dynamics in the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
