📣 Attention crypto-investors! The price of Ether (ETH) on Bitcoin (BTC) is approaching its three-year low. However, several key technical indicators are showing bullish signs. Even though ETH is down 33% against BTC since the Merger, some analysts anticipate potential gains for ETH/BTC. 🚀

Since Ethereum switched to proof-of-stake in September 2022, its dollar price has more than doubled. But the situation is very different when valued in Bitcoin.

The Relative Strength Index (RSI) suggests that Ether is no longer in “overbought” territory. Traders should keep an eye on the psychological mark of $3,200, which would liquidate more than $97 million in leveraged short positions.

Bitcoin is up 49% so far this year, while Ether is up 36%. In the last three months, BTC is up 56% while ETH is up 28%.

Is it a good time to buy ETH? According to Andrey Stoychev, Head of Prime Brokerage at Nexo, current Ether price levels could represent a good buying opportunity.

Share your thoughts in the comments! Do you think Ether is ready for a rally? 💬💡