The ETHBTC ratio has been declining sharply. Analysts see this as a sign of declining interest in Ethereum’s price as Bitcoin’s ETF hype continues to attract altcoin investors.

ETHBTC is approaching 0.040. It looks like it is a matter of a few months until it will test that level.

The cryptocurrency market experienced a terrible week, as most assets dropped in value substantially. Some cryptocurrencies went as far as losing most of the gains they recorded since the year’s start. Even the market capitalization took a major hit.

Nasdaq 100 and SP500 Wave (4) low being in place strengthens day by day and we can continue to build long positions across many markets such as Bitcoin and crypto tokens.

Dollar and Yields are higher and gold, silver, bitcoin, ETH/USD, copper, oil, and gas are lower. We can expect this weakness to continue over the next trading sessions.