🔥🔥🔥ETHEREUM DOWNWARDS: 2.5 TIMES MORE RISK THAN BITCOIN‼️
Ethereum (ETH) carries a higher risk of falling ahead of the upcoming US elections compared to Bitcoin (BTC). Analyst Nick Forster, founder of Derive, states that Ethereum sees 2.5 times more selling pressure in the options market than Bitcoin. This shows that investors see a higher probability of Ethereum losing value (Forster, 2024).
Ethereum's tight connection with the DeFi ecosystem increases its volatility due to regulatory uncertainties. It is predicted that possible post-election regulations will increase the pressure on Ethereum. In contrast, Bitcoin is still seen as a safe haven among investors and is more resilient to macroeconomic events (CoinDesk, 2024).
🔥🔥🔥As a result, Ethereum is considered to be more at risk than Bitcoin, especially in the post-election period, while short-term uncertainty continues‼️
#Binance #EscoinToken $BTC $ETH
References
- Forster, N. (2024). Ethereum traders pricing in 'more extreme movements' ahead of US election. Cointelegraph.
- Ethereum under pressure as traders forecast major price swings ahead of the U.S. elections. (2024). CoinDesk.
- Ethereum fights for survival with slim 2024 high hopes. (2024). Nasdaq.
