A struggle between bullish and bearish forces has enveloped the cryptocurrency realm, causing various cryptocurrencies to remain range-bound. The price of Bitcoin has dropped by more than 15%, while Ethereum's price has fallen over 30%. Many now anticipate that Ether may reach new lows before Bitcoin due to a notable correction on the token.

Short-term price movements in cryptocurrencies may be positive or negative, but generally, in the long run, they tend to be positive. Nevertheless, the monthly charts for Bitcoin and Ethereum have entered a bearish trend, signaling that market participants should be prepared for adverse scenarios ahead.

Ethereum lost critical support at $3000 recently, and the failure to recover this level could herald the start of a fresh bearish phase. Comparatively, Ethereum has experienced more substantial losses than Bitcoin, as seen in the closing prices for April. The impending bearish trend has been confirmed by these recent closes.

The ETH price is closely mirroring the BTC price rally, but it is suffering greater losses. While Bitcoin's trade setup has worsened, Ethereum is faring even worse due to a more advanced correction phase. If Bitcoin falls below $60,000 as predicted, Ethereum may witness a significant decline, potentially dropping below $2000 or even $1800.

Bitcoin, Ethereum, and the global financial markets share interconnectedness, meaning that price fluctuations can have ripple effects. The current trade scenario suggests that Ethereum is likely to hit bottom before Bitcoin, but after reaching lows near $2000, Ethereum is expected to surge beyond $6000 and achieve new highs by 2025.