Ethereum has many fundamental catalysts that could push its value upwards in the short term. Eth2, the strength of the decentralized finance (DeFi) market, and high decentralized exchange (DEX) usage are some positive factors. But, against Bitcoin on the ETH/BTC chart, ETH is showing signs of short-term struggle.
Why ETH Could Stagnate Against Bitcoin, Not Against The Dollar
Some high-net-worth investors in the cryptocurrency market prefer to denominate their holdings in Bitcoin.