Ethereum/Bitcoin Ratio Falls to 10-Month Low

BTC has declined 1.8% over the past 24 hours to $80,540, trading below its 20- and 50-day moving averages. The RSI stands at 42.9, indicating weak momentum, while the MACD remains negative below the signal line. The Ethereum/Bitcoin ratio has dropped to a 10-month low, suggesting waning interest in altcoins and potential capital outflows from BTC. The short-term technical outlook is weak, but since the asset has not entered oversold territory, a sharp acceleration in the decline is not expected.

The ETH/BTC ratio has fallen to its lowest level in 10 months, confirming Ethereum's weakness against Bitcoin. Technical indicators support this outlook: the RSI at 37 is near oversold territory but has yet to signal a recovery, while the MACD line remains below the signal line and in negative territory. The price is trading below both the 20-day and 50-day moving averages, suggesting that short-term pressure may persist. However, given oversold conditions and low price levels, the possibility of a sudden rebound should not be ruled out.