Why is ETH/BTC showing weakness?

The price of Ether (ETH), the native cryptocurrency of Ethereum, has been stagnating against Bitcoin in recent days after a strong few weeks against BTC.

In the past few weeks, ETH and BTC have shown some inverse correlation as ETH rallied strongly when BTC consolidated, and vice versa.

ETH/BTC 15-minute price chart (Binance). Source: TradingView.com

So why is ETH struggling at the moment?

In the last several hours, Bitcoin has seen a decent rally after BNY Mellon said it would begin offering


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