The weaker performance of ether (ETH) than bitcoin (BTC), according to Morgan Stanley research, is reminiscent of the state of the market in 2018.
Sheena Shah of the Morgan Stanley team says that the ether price has been rising since the price in November 2021. have fallen by 75 percent evaluated.
The analyst, in the report, “The decline of the ETH/BTC intersection indicates that interest in cryptocurrencies is beginning to wane on a general basis.” made his statement.
Beyond the ether price, the overall decline in the cryptocurrency market continues. According to the Morgan Stanley report, the expectation that the Fed will increase interest rates and the investors’ starting to withdraw USD liquidity from the markets exacerbates this situation.
The report shows that ether’s performance in the near-term A performance similar to 2018 However, it is stated that there is a significant difference between these two periods.
Individual investors played a much more active role in the market in 2018. According to the Morgan Stanley report, most of the sales transactions made today are by institutional investors is being done.
Bitcoin’s price has recently dropped to levels never seen in 2021. According to a Morgan Stanley analyst, the eyes in this case are approximately the same as recorded in 2017. to the level of 19 thousand 500 dollars is being turned.