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"content": "Summary of Ethereum\u0026#039;s 40-month slump vs. Bitcoin won\u0026#039;t end in a dollar \u0026#039;freefall\u0026#039; scenario\nnostr:nevent1qqsdve9sh8ffyrml848r6p5tkw6mvwqkxx4vqszawvcd2rg3u7rna2szypf29al0xju9evny2yc4hck4tsnxkyu3jjggztd9plhfz0u0076xcqcyqqqqqqg4r5r8t\n\nThe article discusses the decline of Ether (ETH) against Bitcoin (BTC) since the start of 2024 and the factors contributing to its bearish outlook. The growing positive correlation between ETH/BTC and the US dollar Index (DXY) is a key factor, as traders have shifted away from Ether and towards Bitcoin. The article also mentions the launch of Bitcoin-focused spot exchange-traded funds (ETFs) in the US and the tepid response to Ether's ETF launches. Additionally, the article notes that the US Dollar Index broke below a multi-month horizontal support rate, which could lead to a further decline in the dollar and a stronger positive correlation with DXY.",
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