Etherum CRASH CONTENTS TO CONTINUE LEVE A RARE FEATH

The Etherum price was in a strong trend down against Bitcoin, and the rare graph pattern indicates more unambiguous parties.

Ethereum (El) fell to 0.01890, the lowest level since January 2020. and 80% below her 2021. years.

This decline comes because Etrum still loses market share in key sectors of the crypto industry. Defi Llama The data show that the protocols in their network have processed $ 56 billion in April lower than Solana (Salt) $ 72 billion.

Etherum also loses basic layer-2 networks, which aim to improve scalability and speed without compromising security.

Base, layer-2 network created coinbass, processed transactions worth $ 20 billion in April. Unichain, L2 network recently launched In February, he handed $ 3.4 billion, while the arbitrum was processed $ 14.3 billion. Theoretically, Ethers managed these transactions.

Meanwhile, Etrereum further weakened how Bitcoin Domination on the market continued to climb. Bitcoin currently has 63% market share, more than a grocery of 18% and at the highest level from November 2021. years. In contrast, the dominance of Ethereum fell to 7%, its lowest point since April 2018. Years.

Technical analysis of Etherum

The weekly chart shows that the ETH / BTC pair reached the peak on 0.08810 in December 2021. and has since captured 80% on its current level 0.01890.

Etherum remains below 50-week and 100-weekly religious average. In addition, the money flow index continued to fall and now sit at the age of 14.

The average directional index increased to 48.75, indicating that a bear momentum remains strong.

Crukimo Pair formed a reverse glass and a form for handling, a well-known bear signal of continuing. This form contains a horizontal support line and a rounded tip, which often precedes further. If the sample is played, the next level for viewing is 0.0070, which marked the bottom in December 2016 years. The fall below that would set the stage to a possible re-installation of all time low to 0.0019.