Ethereum Hits 3-Year Low Against Bitcoin – Could This Be a Bear Trap? Expert Trader Shares Insights

Trading Guru Peter Brandt Offers Insights on Ethereum vs. Bitcoin Chart

Ethereum Plunges Against Bitcoin: A Bear Trap?

Trading expert Peter Brandt has shifted his stance on Ethereum, suggesting a potential bear trap in the market as Ethereum’s value against Bitcoin hits a 35-month low.

Bullish Signals Amid ETH/BTC Downturn

Despite Ethereum’s challenges, bullish signals have emerged, with a significant portion of Ethereum options open interest expiring as bullish bets on price. Additionally, the emergence of new Ethereum whales adds to the positive sentiment surrounding the cryptocurrency.

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