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Ethereum Bear Flag Targets 10% BTC Drop, Echoing Prior 15% Loss Despite Record Staking

Ethereum's ETH/BTC pair forms a bear flag projecting a 10% decline to 0.026 BTC in May, after dropping 5.5% last week, with a prior similar breakdown causing 15% losses. This technical setup signals near-term Bitcoin outperformance over Ether. Countering the risk, Ethereum's staking ratio reached a record 32.33% on April 21, locking 39 million ETH across 816,578 validators worth $90.26 billion, shrinking liquid supply for longer-term USD support. The story highlights clashing technical bearishness versus bullish fundamentals across three updates today.

Category

Ethereum

Sentiment

Mixed

Event

Technical analysis

Reading time

1 min