Internet reports that many analysts have warned that the ETH/BTC exchange rate may fall further in the coming weeks. Crypto analyst Alessandro Ottaviani described the current situation as a "knife down" scenario, meaning assets are experiencing a rapid and steep decline. Technically, the Relative Strength Index (RSI) on the two-week ETH/BTC chart has fallen to a record low of 23.32. While an RSI below 30 usually indicates that an oversold condition may trigger a rebound, Ethereum's RSI continued to fall two months after the oversold, indicating that the downward trend is accelerating rather than stabilizing. If it cannot rebound from the 0.022BTC level, ETH/BTC may continue to fall to the 0.020-0.016BTC range, which is about 30% lower than the current price. Fundamentals also support the bearish outlook. Ethereum faces strong challenges from competitors such as Solana, and VanEck data shows that Solana's decentralized exchange has surpassed Ethereum in trading volume. In addition, the launch of the spot Bitcoin ETF broke the traditional crypto market cycle. The US$129 billion in funds flowing into the Bitcoin ETF in 2024 drew out liquidity in the altcoin market, including Ethereum.