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TechFlow reports, Matrixport stated that since the PoW and PoS chain merge in September 2022, the ETH/BTC exchange rate has shown a clear downward trend. Although Ethereum has occasionally surpassed Bitcoin briefly, such outperformance did not last. As the exchange rate approaches the upper boundary of its declining channel, ETH may underperform again.
Matrixport stated that since the PoW and PoS chain merge in September 2022, the ETH/BTC exchange rate has shown a clear downward trend. Although Ethereum occasionally surpasses Bitcoin briefly, such outperformance has not been sustained. As the exchange rate approaches the upper boundary of its downward channel, ETH may underperform again.
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