ETH/BTC breaks down to lowest price in over 3 months

Ethereum is down over 6.5% in the past 5 days

Quick Take

The Ethereum/Bitcoin ratio currently stands at 0.068.
It has broken down to a 3-month low after falling 6.78% between Jan. 20 and Jan. 25.
During the summer of 2017, ETH/BTC hit its highest ratio at 0.12. However, since then, it has continued toward lower lows.
All eyes will now be on the anticipated Shanghai upgrade.

ETH/BTC Ratio (Source: TradingView)

Research Analyst at CryptoSlate
James is passionate about data, technology, and identifying trends. James is a freedom and technology maximalist, seeing Bitcoin as the greatest invention of the 21st century.

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This article has been originally published at: https://cryptoslate.com/insights/eth-btc-breaks-down-to-lowest-price-in-over-3-months/