Ethereum FUD shows no signs of slowing down while the underlying asset’s prices remain weakened. ETH has shed more than 5% in the last 24 hours, falling from an intraday high of just over $2,600 to a low of $2,460.

At the time of writing, it has recovered slightly and is trading at $2,550, but is still weak, having lost more than 7% from its October high of $2,760 on Monday.

Additionally, the ETH/BTC ratio continues to decline, falling to 0.0375 on October 23, its lowest since April 2021, according to Tradingview.

ITC Crypto founder Benjamin Code observed a new low, predicting the next stop at 0.036. However, he added that a new low will be reached before the end of the year or early January at the latest.

What’s Next for ETH?

Cryptocurrency X analysts are generally bearish on ETH , predicting further losses as mocking memes and tribalism escalate.

In reality, ETH is likely to move in tandem with Bitcoin, as it has done over the last two cycles. However, until BTC hits a new all-time high and moves into a price open, ETH is likely to remain sideways in the mid-$2K range.

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