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Ether-Bitcoin Ratio Likely to See Deeper Decline After Shapella Upgrade: QCP Capital

Ether has underperformed bitcoin in the lead up to the Shapella upgrade, resulting in a 13.7% year-to-date decline in the ETH/BTC ratio.

The ratio has dropped below key support. (TradingView/QCP Capital)
The ratio has dropped below key support. (TradingView/QCP Capital)