Ether (ETH), the native token of the Ethereum network, has declined by approximately 25% against Bitcoin (BTC) since the beginning of 2024, reaching its lowest levels in 40 months. The outlook for Ether remains bearish in the coming weeks, particularly as the probability of Federal Reserve interest rate cuts in September rises.
ETH/BTC and USD Correlation Grows
A significant factor contributing to Ether’s bearish outlook is the increasing positive correlation between the ETH/BTC pair and the U.S. Dollar Index (DXY), which has dropped 5.35% from its 2024 peak. As of Aug. 26, the 30-day average correlation coefficient between ETH/BTC and DXY was 0.78, up from 0.10 at the start of the year.
This trend suggests that traders have been shifting away from Ether in favor of Bitcoin, reallocating their holdings or prioritizing Bitcoin for new investments, especially as the dollar weakens against a basket of major foreign currencies.
Multiple Factors Behind the Capital Rotation
Several factors have driven the rotation of capital from Ether to Bitcoin. One major factor is the launch of Bitcoin-focused spot exchange-traded funds (ETFs) in the U.S. in January 2024. Since their launch, these ETFs have attracted inflows totaling $17.86 billion, according to Farisde Investors data.
In contrast, the launch of Ether ETFs in late July saw a lukewarm response, leading to $465 million in withdrawals. The Grayscale Ethereum Trust (ETHE) has further worsened the situation, reporting $2.53 billion in outflows, diminishing traders’ interest in Ether compared to Bitcoin.
Dollar Breaks Below Key Long-Term Support
On Aug. 23, the U.S. Dollar Index fell below a multi-month horizontal support level following Fed Chair Jerome Powell’s dovish comments at the Jackson Hole symposium. Independent market analyst Elja Boom noted this decline as a sign of potential “freefall” for the dollar, citing a Bearish Gartley pattern that indicates further downtrend, potentially targeting the 94-96 level.
“This is very bullish for BTC and crypto,” Boom added.
ETH/BTC Faces a 10% Decline in September
A stronger positive correlation with DXY could push ETH/BTC lower in September, especially with the formation of a V-top pattern on shorter timeframes. The V-top pattern, characterized by a steep rise followed by an equally sharp decline, suggests a potential continuation of the downtrend for ETH/BTC. In this case, ETH/BTC saw a rapid rise in late July, followed by a sharp drop starting in early August.
Peasant Pepe could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Peasant Pepe (PEPEPEAS), a new Solana memecoin that was launched recently, is poised to explode over 19,000% in price in the coming days.
This is because PEPEPEAS is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Peasant Pepe can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Peasant Pepe could become the next viral memecoin.
Peasant Pepe launched with over $20,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Peasant Pepe on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Peasant Pepe by entering its contract address – ChVKYDgcuMtSw6TVPiHujJkg6JX28xR5J1FEwjCowCf9 – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEPEAS.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Pepe Loves Trump could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.
Pepe Loves Trump (PEPETRUM), a newly launched Solana memecoin, is set to explode over 16,000% in price in the coming days.
This is because PEPETRUM is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.
Currently, Pepe Loves Trump can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Pepe Loves Trump could become the next viral memecoin.
Pepe Loves Trump launched with over $20,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Pepe Loves Trump on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Loves Trump by entering its contract address – 56GJfEax7UhjcsJnoYw6kKEJQs8UDadBSgNRDKUMHK1J – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPETRUM.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
The United States Attorney’s Office has opposed a petition from former FTX Digital Markets co-CEO Ryan Salame to void his guilty plea related to charges of campaign finance violations.
In an Aug. 26 filing with the U.S. District Court for the Southern District of New York, prosecutors stated their intention to oppose Salame’s petition in writing by Sept. 4. Salame’s legal team had filed a petition for a writ of error coram nobis, seeking to have the court overturn Salame’s plea agreement, which had resulted in a 7.5-year prison sentence.
Salame argued that during his plea negotiations, prosecutors implied they would not pursue an investigation into his partner, Michelle Bond. However, on Aug. 22, authorities unsealed an indictment against Bond, charging her with violations of campaign finance laws related to her 2022 campaign for a seat in the U.S. House of Representatives.
“Salame’s petition is premised on the (demonstrably false) allegation that he was induced to plead guilty based on representations by the Government that in exchange for pleading guilty, the Government would cease investigating Bond for conspiring with Salame to commit criminal campaign finance violations,” stated the filing.
Free Pavel Durov could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.
Free Pavel Durov (3PAVEL), a newly launched Solana memecoin, is set to explode over 13,000% in price in the coming days.
This is because 3PAVEL is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.
The memecoin was launched on the Solana blockchain following the arrest of Telegram CEO Pavel Durov in France.
Currently, Free Pavel Durov can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Free Pavel Durov could become the next viral memecoin.
Free Pavel Durov launched with over $7,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Free Pavel Durov on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Free Pavel Durov by entering its contract address – 7XHmW3xASEv3QgmRFuZWfy12hB2QjJPPMU18ZuVgZsZZ – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like 3PAVEL.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Peasant Pepe could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Peasant Pepe (PEPEPEAS), a new Solana memecoin that was launched recently, is poised to explode over 19,000% in price in the coming days.
This is because PEPEPEAS is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Peasant Pepe can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Peasant Pepe could become the next viral memecoin.
Peasant Pepe launched with over $20,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Peasant Pepe on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Peasant Pepe by entering its contract address – ChVKYDgcuMtSw6TVPiHujJkg6JX28xR5J1FEwjCowCf9 – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEPEAS.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Pepe Loves Trump could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.
Pepe Loves Trump (PEPETRUM), a newly launched Solana memecoin, is set to explode over 16,000% in price in the coming days.
This is because PEPETRUM is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.
Currently, Pepe Loves Trump can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Pepe Loves Trump could become the next viral memecoin.
Pepe Loves Trump launched with over $20,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Pepe Loves Trump on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Loves Trump by entering its contract address – 56GJfEax7UhjcsJnoYw6kKEJQs8UDadBSgNRDKUMHK1J – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPETRUM.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Free Pavel Durov could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.
Free Pavel Durov (3PAVEL), a newly launched Solana memecoin, is set to explode over 13,000% in price in the coming days.
This is because 3PAVEL is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.
The memecoin was launched on the Solana blockchain following the arrest of Telegram CEO Pavel Durov in France.
Currently, Free Pavel Durov can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Free Pavel Durov could become the next viral memecoin.
Free Pavel Durov launched with over $7,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Free Pavel Durov on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Free Pavel Durov by entering its contract address – 7XHmW3xASEv3QgmRFuZWfy12hB2QjJPPMU18ZuVgZsZZ – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like 3PAVEL.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Peasant Pepe could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Peasant Pepe (PEPEPEAS), a new Solana memecoin that was launched recently, is poised to explode over 19,000% in price in the coming days.
This is because PEPEPEAS is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Peasant Pepe can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Peasant Pepe could become the next viral memecoin.
Peasant Pepe launched with over $20,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Peasant Pepe on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Peasant Pepe by entering its contract address – ChVKYDgcuMtSw6TVPiHujJkg6JX28xR5J1FEwjCowCf9 – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEPEAS.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Pepe Loves Trump could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.
Pepe Loves Trump (PEPETRUM), a newly launched Solana memecoin, is set to explode over 16,000% in price in the coming days.
This is because PEPETRUM is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.
Currently, Pepe Loves Trump can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Pepe Loves Trump could become the next viral memecoin.
Pepe Loves Trump launched with over $20,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Pepe Loves Trump on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Loves Trump by entering its contract address – 56GJfEax7UhjcsJnoYw6kKEJQs8UDadBSgNRDKUMHK1J – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPETRUM.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.