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Ether-Bitcoin Ratio Slides to Lowest Since April 2021. Here's Why

"Ether is a 'lightning rod' for negative sentiment from crypto native and external players and has several weak spots," one observer said.

ETH/BTC hits a three-year low. (TradingView/CoinDesk)
ETH/BTC hits a three-year low. (TradingView/CoinDesk)