Ethereum’s price continues to slide, hitting a multi-year low against Bitcoin (ETH/BTC) and marking five consecutive months in the red. As of Tuesday, ETH/BTC dropped to a significant 0.01896 BTC level, indicating a potential for continued market decline. The cryptocurrency is now down over 50% this year alone, facing relentless pressure from both bearish sentiment and wider market fluctuations. Ether’s price has also hit a new yearly low of $1,411, poised to break below the crucial $1,400 level for the first time since March 2023. CoinGecko data reveals that ETH is currently among the worst-performing cryptocurrencies over the past 24 hours, trailing behind Dogecoin (DOGE) and Cardano (ADA). The stock market turmoil adds fuel to this downturn, as trade tensions between China and the US escalate. Major tech companies like Apple (APPL) and Microsoft (MSTF) are facing downward pressure following escalating tariffs on imports from China. Adding to the bearish outlook, renowned investor Mark Spitznagel predicts a potential 80% decline in the stock market, further impacting investor sentiment and risk appetite.