Ethereum risks 10% decline versus Bitcoin despite record ETH staking
Ethereum’s record 32.33% staking ratio is shrinking liquid supply, reducing sell pressure and potentially supporting an ETH price recovery over time.
Ether (ETH) has fallen about 5.5% against Bitcoin (BTC) over the past week, and a bearish continuation setup now points to the risk of deeper losses ahead.
Key takeaways:
ETH/BTC’s bear flag pattern points to a possible 10% drop toward 0.026 BTC in May.