Ethereum Price Plunges: ETH/BTC Ratio Nears Key Support

Ethereum (ETH) has experienced a significant decline, shedding 5% of its value in the last 24 hours. This drop joins broader market downturns impacting various crypto assets, including Ethereum. The ETH/BTC ratio, a crucial metric for comparing Ethereum and Bitcoin’s performance, is currently testing key support levels that mirror the upward trend observed in 2021. This renewed interest in the ratio could signal a significant shift in market activity.