Ethereum's native token, Ether (ETH), continues to weaken against Bitcoin (BTC), with the ETH/BTC pair at approximately 0.0365 BTC, marking the lowest point since April 2021. The decreased interest in Ethereum, exacerbated by competition from Solana (SOL), suggests ongoing pressure on the ETH/BTC metric, potentially leading to further declines. Current analysis indicates a possible drop of around 15%, targeting a level near 0.0319 BTC, which corresponds to an inverse-cup-and-handle pattern. Ethereum bulls hope for a rebound of 25-50% once the price reaches this proximity, identified as a significant inflection point by market technician Aksel Kibar. The relative strength index (RSI) for ETH/BTC is notably low, hinting at potential exhaustion among sellers. If a bullish reversal occurs, ETH/BTC could aim for a Fibonacci retracement level around 0.0482 BTC, and further upside towards 0.0549 BTC. This analysis underscores the volatile nature of the crypto market and the speculative dynamics between Ethereum and Bitcoin.

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