Ethereum Price Under Pressure: Fears of Historic Decline Amid Bitcoin Volatility

Market analysts are expressing concern that Ethereum could experience a significant price decline, potentially leading to a historic slump if crucial support levels are breached. The critical support level for Ethereum against Bitcoin is at 0.01745 BTC, and experts warn that falling below this point might trigger a sharp drop. A similar scenario witnessed in 2017, where Ethereum traded at roughly 58% lower than its current price, could emerge as potential investors watch the price closely. Meanwhile, Bitcoin is anticipated to recover from short-term fluctuations following recent corrections.