Ether traders are increasingly concerned about further price declines after the ETH/BTC ratio has reached new multi-year lows. Currently, this trading pair stands at approximately 0.035, marking its lowest point since March 2021. Analysts, including Zach Voell and crypto commentator Colin Talks Crypto, express skepticism about a potential reversal, predicting continued declines. Historical trends reveal that the last time the ratio hit this level, it eventually surged back to 0.077 in May 2021, accompanied by a dramatic rise in Ether's price. Nonetheless, the outlook remains grim, particularly with the US presidential election results anticipated to influence market dynamics. Traders expect Bitcoin to outperform Ether, according to the general sentiment in the cryptocurrency community. Additionally, significant movements of Ether into derivative exchanges could spell increased volatility or corrections in price. Overall, analysts advise caution as the closing of election results may trigger substantial market fluctuations, signaling either a correction or larger moves for Bitcoin on shorter timeframes.

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