Ethereum Slumps To Lowest Level Against Bitcoin Since July As ETH ETFs See Weak Demand

Ether dropped to lowest price vs bitcoin since July 2022 as futures-based ETH ETFs saw little interest.

K33 Research advised rotating back to bitcoin with ETH expected to continue underperforming.

ETH ETF trading volumes on launch day were just 0.2% of similar BTC products in 2021.

Lack of short-term catalysts means crypto prices will likely chop sideways, favoring bitcoin.

Falling Ethereum activity and inflationary ETH token could weigh further on price, with 0.05 ETH-BTC targeted.