Ethereum’s Downturn Concerns: Veteran Trader Warns of Potential Weakness

Veteran trader Peter Brandt has flagged potential weakness for Ethereum against Bitcoin, raising concerns about the second-largest cryptocurrency’s long-term trajectory. As reported by U.Today, Brandt’s analysis, shared on X (formerly Twitter), highlights a sustained decline in ETH/BTC price ratio. His chart demonstrates how Ethereum has failed to keep pace with Bitcoin’s recent surge in value, resulting in the second-largest cryptocurrency falling behind its competitor.