Ethereum loses key support level as ETH price falls to two-month lowsagainst BTC

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ETH/BTC dropped below its 200-day exponential moving average for the first time since March 2020, raising risks of more downside.

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Ethereum loses key support level as ETH price falls to two-month lows against BitcoinMARKET ANALYSIS
Ethereum’s native token, Ether (ETH), rallied by more than 15% in the first 12 days of October. But, compared to Bitcoin’s (BTC) 30% gains in the same period, the second-largest cryptocurrency is currently in a downtrend when priced in BTC.

So far into October (and the fourth quarter of 2021), the ETH/BTC exchange rate has plunged by over 12%, reaching 0.060215 BTC for the first time in more than two months on Oct. 12.
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