Ether, the second-largest cryptocurrency by market capitalization, has seen an 18% decline against Bitcoin over the past six weeks, but market analysts caution against bearish sentiments. Crypto trader Merlijin The Trader asserts that current momentum for Ether is significant, noting that the ETH/BTC ratio is at 0.0332, down 17.5% since early December. Historically, this ratio has shown potential for recovery, as it rebounded from similar lows in March 2021. Meanwhile, Ether's recent price behavior suggests it could benefit from rising Bitcoin adoption, particularly if significant policy changes occur after the impending Trump administration. Analysts expect bullish scenarios for Ether, with potential price targets around $4,000. However, concerns linger about Ethereum's post-Merge supply dynamics, as some experts indicate the cryptocurrency’s supply levels are approaching pre-Merge figures. Currently, Ether is trading below vital support levels, while Bitcoin prices hover above $100,000 after fluctuating around that mark since December.

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