Ethereum Slumps Below Key Level versus Bitcoin, Raising Risk of Further Declines in 2023

ETH/BTC pair dropped below 200-week EMA, raising downside risks into 2023.

Next target looks to be around 0.051 BTC if 200-week EMA not reclaimed.

Bitcoin funds attracted $246M YTD, Ethereum funds saw $104M outflows.

Bitcoin ETF buzz and 2024 halving acting as tailwind vs altcoins.

Historical precedent that Bitcoin halvings are bullish by cutting new supply.