Ethereum price in ‘cursed’ downtrend which could continue well into 2025 — Analyst
Multiple data points paint a grim picture for Ethereum’s ETH/BTC pair in 2025.
Ethereum’s native token, Ether (ETH), has ventured into oversold territory multiple times against Bitcoin (BTC) in recent months, but the altcoin has yet to show any signs of finding a price bottom. The trading situation is actually quite similar to a previous scenario, and ETH’s market structure suggests that it could repeat itself in Q2 to Q3 of this year.
The relative strength index (RSI) on ETH’s 3-day timeframe remains below 30, a level that typically signals a potential bounce.
However, historical patterns show that previous dips into oversold conditions have failed to mark a definitive bottom. Each instance has been followed by another leg lower, reflecting persistent bearish momentum.
