Cobak Token 트윗 - 📉Since Ethereum transitioned to Proof of Stake (PoS) in "The Merge," ETH has lagged behind Bitcoin in performance. ETH/BTC sits at 0.0425, down 44% since the merge. Even after the U.S. approval of Ethereum''s spot ETF, ETH/BTC has fallen 18%.
CryptoQuant data indicates that Ethereum hasn''t reached its undervalued zone yet, with another 50% drop in ETH/BTC possibly needed. The decline in Ethereum''s transaction fees, linked to the "Denkun" upgrade, and increased Layer 2 usage have impacted its price, despite ongoing scalability improvements.
More info👇
https://t.co/Bq121VYdR8
#ETHPrice #Cryptocurrency #PoS #Bitcoin #CryptoQuant
CryptoQuant data indicates that Ethereum hasn''t reached its undervalued zone yet, with another 50% drop in ETH/BTC possibly needed. The decline in Ethereum''s transaction fees, linked to the "Denkun" upgrade, and increased Layer 2 usage have impacted its price, despite ongoing scalability improvements.
More info👇
https://t.co/Bq121VYdR8
#ETHPrice #Cryptocurrency #PoS #Bitcoin #CryptoQuant
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