Analysts are Highlighting a “Concerning” Trend Seen by Ethereum’s Price

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Ethereum’s price has been lagging far behind Bitcoin’s as of late, which has caused immense concern amongst traders and investors alike This stagnant price action has put an end to any prospects of an imminent “altseason,” and may continue causing altcoins to bleed out One trader believes that its failure to see any immense bullishness despite Bitcoin’s strength and yesterday’s ETH 2.0 rollout is a concerning trend He notes that this trend is putting Ethereum in a precarious position, and it will require some immense buying pressure to shift the tides back into bull’s favor Bitcoin has been ripping higher throughout the past few days and weeks, with buyers and sellers both being unable to gain any control over its near-term trend. Meanwhile, Ethereum’s upswing has been slow, far underperforming that seen by BTC. This price action has put any potential “altseason” on hold and has caused the rest of…

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