The current ETH price dip could present a good buying opportunity for short and long-term investors ahead of the Hong Kong Ethereum ETFs.
The price of Ether (ETH) in Bitcoin (BTC) is nearing a three-year low. However, several key technical indicators are flashing bullish, and some analysts are anticipating potential gains ahead for ETH/BTC.
Ethereum price in USD terms has more than doubled in price since switching to proof-of-stake in September 2022. But the picture is very different when priced in Bitcoin as the ETH/BTC pair is down roughly 33% since the Merge.
More recently, ETH/BTC has continued slumping, losing over 9% in the past month with a drop to 0.048 BTC. The last time the trading pair was this low was in May 2021, according to Tradingview data.
