Ethereum’s Slump Might Be a Temporary Setback: Analyst Argues for Long-Term Recovery

Ethereum has experienced a dramatic drop in value, with its ETH/BTC ratio plummeting 77% since December 2021. This decline has left many crypto traders questioning the future of the once-loved altcoin. However, analysts point to progress on the Ethereum network as evidence that this is just a temporary setback. While the token’s price has fallen sharply in recent quarters and remains down nearly 19% since April, experts argue that crucial developments behind the scenes could pave the way for a sustained recovery.