'More brutal than expected' — Lyn Alden on ETH/BTC post-election low 📉
Macro economist Lyn Alden has always maintained a cautious stance regarding Ethereum, labeling herself as a "polite long-term Ethereum bear." However, she expressed surprise at Ether’s underperformance following the recent United States election. Despite her skepticism, Alden found the reaction in the ETH/BTC trading pair to be more negative than anticipated in the wake of political developments.
Ethereum's price behavior in comparison to Bitcoin reflects broader market sentiments and reactions to external geopolitical events like the US election. Alden's observations highlight how even anticipated events can yield unexpected results in the volatile cryptocurrency markets, reinforcing the need for continuous analysis and adaptation by investors and analysts alike.
Source: cointelegraph.com ↗