Matrixport: As the ETH/BTC exchange rate approaches the top of the downward channel, Ethereum may underperform again
ChainCatcher message, Matrixport's official statement indicates that since the merger of PoW and PoS chains in September 2022, the ETH/BTC exchange rate has shown a clear downward trend. Although Ethereum has occasionally surpassed Bitcoin briefly, this situation has not persisted. As the exchange rate approaches the top of the downward channel, ETH may underperform again.
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