Ethereum Faces Pressure as ETH/BTC Slumps Towards Support

Ethereum’s price is currently approaching a key support level near 0.03 BTC, a zone that previously thwarted large declines in several market cycles. While technical indicators hint at potential stabilization, the pair remains locked in a long-term bearish trend with resistance near 0.045–0.05 BTC hindering every attempt at recovery. Despite short-term rebounds, the overall trend suggests a continued downward trajectory for Ethereum relative to Bitcoin.