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ETH price is in danger of losing another 20% versus Bitcoin by March, based on a mix of technical and fundamental indicators. Ethereum's native token, Ether (ETH), has printed a death cross technical pattern versus Bitcoin (BTC) for the first time since May 2022, suggesting more pain ahead for ETH/BTC in the coming weeks. Previous ETH price death cross preceded 27.5% drop A death cross appears when an asset's short-term 50-period moving average moves below its long-term 200-period moving average. Such a chart pattern was seen in December 2007, foahead of the global economic crisis. Similarly, the ETH/BTC's previous death cross in May 2022 preceded an approximately 27.5% price correction, dropping in parts as investors reduced exposure to altcoins and sought safety in Bitcoin amid the Terra collapse.  ETH/BTC daily price chart. Source: TradingView The latest ETH/BTC death cross could lead to a similar short-term selloff, primarily due to the U.S. Securities and Exchan...

Ark's GBTC weight in the portfolio actually increased despite the fund selling 500,000 shares in the past month. Cathie Wood's Ark Invest offloaded a chunk of its Grayscale Bitcoin Trust (GBTC) shares since November's Bitcoin (BTC) price lows, the latest data shows. Cathie Wood's Ark short-term cautious on GBTC Ark Invest added 450,272 GBTC share s worth $4.5 million to its ARK Next Generation Internet ETF (ARKW) in November 2022. At the time, GBTC was trading in the $7.46-$9.48 range versus $12.25 in January 2023. GBTC price, of course, recovered alongside Bitcoin, rising roughly 40% from its November lows. The recovery in January also helped reduce the GBTC "discount" from nearly 50% to 40%, according to YCharts. GBTC daily price chart. Source: TradingView Interestingly, the share price rebound coincided with a reduction in ARKW's GBTC holdings by 500,000 shares, suggesting profit taking in the short term. GBTC shares (purple) in Ark's ETF versus it...