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Ethereum is still largely unrelated to bitcoin – data shows ETH linked to other coins

ETHEREUM (ETH) is intense to sell intensive sale, raising concerns among investors about the coming weeks. The trend remains landmark, and if this momentum continues, ETH may struggle to find support at the main levels. Compared to Bitcoin and other altcoins, ETH was low -performance, and a negative look between merchants was fed.

Unlike the previous market courses as ETH has moved in conjunction with Bitcoin, recent measures indicate a break between the two who are good. The main scales of InTothheblock reveals that ETH is still largely unrelated to BTC, which indicates only 30 days association with -0.06. This link is a bonding that the bitcoin momentum was not translated into ETH power, which adds to the uncertainty invested.

With ETHEREUM failed for other major cryptocurrencies, analysts warn that the additional downside is possible unless ETH can restore critical resistance levels. The market is closely monitoring whether ETH can find support and reflect this overwhelming price procedure or whether the downward trend will continue in the coming weeks. With the ethics struggle to restore momentum, investors remain careful, waiting for a clearer sign before their next step.

Ethereum is associated with the market

ETHEREUM has been stuck in the declining direction since late December, where more than 28 % of its local height of $ 4100 decreased. Despite the bullish Bitcoin momentum, ETH failed to attract attraction, leaving investors concerned about making its frustrated price. Many people now speculate whether Ethereum may face another disappointing year, as Altcoins such as Solana, Avalanche and Polygon continue to outperform ETH in terms of price movement and investor interest.

The main measures of Intothheblock Provide an interesting look at the ETHEREUM market behavior. Unlike the previous eTH courses closely, it seems largely unrelated, with only a 30 -day price association with -0.06.

Ethereum connection with the market Source: IntothBlock on X
Ethereum connection with the market source: Intotheblock on X

This means that even as bitcoin moves higher, he struggle with Ethereum to gain momentum. However, other major assets such as polygon (0.91) and Avalanche (0.93) remain closely related, indicating that the work of ETH is unique in this course.

In the future, February could be a pivotal month for Ethereum. Historically, this was an ETH thunderbolt, and many investors hope to reflect the direction. If ETH can break the main resistance levels and restore the lost land, the feelings about its performance can turn this cycle quickly. However, failure to acquire momentum may lead to continued recession, allowing the other machine in the style of lights.

Ethereum is struggling without the main support as the bears control

ETHEREUM is traded at $ 3,090 after failing to stick to the average of 200 days (EMA) at $ 3,137. This main level was a decisive support zone for bulls, but now that it was lost, the downward pressure is escalating.

Eth loses the decisive level Source: Ethusdt Plan on TradingView
Eth loses the decisive level source: Ethusdt chart on Tradingview

The bulls are in trouble, because the price movement indicates that the eth is preparing for another leg down. If this selling pressure continues, ETH can determine a new domestic decrease and a lower demand test on the 2900 dollar sign. The collapse below this level would indicate a deeper correction, which may lead to extensive unification or additional decrease.

In order to restore ethereum momentum, the bulls must restore the level of $ 3300 and pay higher. This region has been a strong resistance in recent weeks, and its heart to support would confirm the reflection of the trend. However, if ETH fails to restore this mark, the next critical level to see less than $ 3,000, as additional purchase benefit may appear.

With the low market morale, ETH must keep higher than the main demand areas to avoid a more important contraction. If the bulls are not able to intervene soon, Ethereum may continue to underdevelopment behind Bitcoin and other best heroes.

Distinctive image from Dall-E, the tradingView graph

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