Ether traders are closely monitoring the market as the ETH/BTC pair continues to hit new multi-year lows. This downward trend has sparked concerns among traders, who are anticipating more downside potential for Ether in the near future.
The ETH/BTC pair has been struggling, with Ether losing ground against Bitcoin and reaching new lows not seen in years. This has led to uncertainty among traders, who are hesitant to make any bullish bets on Ether at this time.
The recent price action has raised questions about the future direction of Ether, as traders are unsure whether the cryptocurrency will be able to recover from its current slump. Many are keeping a close eye on the market to see if there will be any signs of a potential reversal in the near future.
Overall, traders are bracing themselves for more downside in the Ether market as the ETH/BTC pair continues to tap new multi-year lows. The uncertainty surrounding Ether’s future performance has left traders on edge, with many hesitant to make any significant moves until there is more clarity in the market.