ETHBTC ratio

Hello!

Today I was reading twitter and I found this chart from @BitcoinMagPro about the Ethereum and Bitcoin ratio. The ETHBTC ratio has been going down since May 2024. In the past year is down 60% approximately.

Here you have the chart:

Do you think Ethereum will ever recover against Bitcoin? hmmmm. Hard to guess. One thing is sure, the fact that Ethereum has been performing poorly compared to Bitcoin has it's own effect on the altseason. There hasn't been an altseason like the ones we had in 2017 and 2021.

Normally the market cycles follow this path: First is Bitcoin who gets all the attention and over-performs everything else, after that Ethereum follows, some of those gains rotate to Ethereum. The next phase is when the high cap altcoins rally, then the mid cap coins, and lately the low cap coins moon. Then everything busts and we have a crypto winter. A very long crypto winter.

The crypto winter is tough. Only the strong survive. I am proud to tell that I have survived 2 long crypto winters and I know that a third one will follow. During the crypto winter is when you can find the best deals, the market sentiment is at the lowest levels and there is practically no volume anywhere.

But, if you work hard and manage to stack some cheap deals you can profit later. And now is the time where the full bull market has to kick in, but it doesn't come. Will the bull season come at full force? I hope so.

A couple of years from now we should be remembering this coming months as the best performing months ever. This is what everybody is expecting.

At the time of writing this words Bitcoin is trading at $84,000 and the market sentiment is at a very low level. The wait is really boring, if Bitcoin dips lower I will take the deal and put in fresh fiat, but for now I will just keep waiting.

Have a great day!

Posted Using INLEO