Several analysts have warned that the ETH/BTC exchange rate could fall further in the coming weeks. Crypto analyst Alessandro Ottaviani described the current situation as a "falling knife" scenario, indicating that the asset is experiencing a rapid and steep decline. Technically, the Relative Strength Index (RSI) on the two-week chart of ETH/BTC has fallen to an all-time low of 23.32. While an RSI below 30 usually indicates that an oversold state could trigger a rally, Ethereum's RSI continued to decline two months after oversold, indicating that the downtrend is accelerating rather than stabilizing. Failing to rebound from the 0.022 BTC level, ETH/BTC could continue to decline to the 020-0.016 BTC range, which is about 30% lower than the current price. Ethereum is facing strong challenges from competitors such as Solana, which VanEck data shows has surpassed Ethereum in terms of volume traded on decentralized exchanges. In addition, the launch of a spot Bitcoin ETF broke the traditional crypto market cycle, with $129 billion flowing into a Bitcoin ETF in 2024 draining liquidity from the counterfeit products market, including Ethereum.