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Nandocryto
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Ethereum on the verge of exploding? The ETH/BTC ratio ready to soar by "170%" according to this trader.
The return of the prince of altcoins? If until now, Ethereum (ETH) has not shone in its performance during this cycle, barely surpassing its ATH (all-time high) from the previous bull run of 2021, things could soon change according to some analysts. While the ETH/BTC (ether/bitcoin) ratio is already rising, it is also noted that Ethereum ETFs are attracting more capital than Bitcoin ETFs in recent weeks.
Key points of this article:
Ethereum has recently attracted more capital in its ETFs than Bitcoin, sparking investor interest.
The ETH/BTC ratio could experience a spectacular increase of 170%, according to some analyses, if market conditions hold.
Is the ETH/BTC ratio ready to explode by 170%, like in 2021?
Over the past few years, the ETH/BTC ratio between ether and bitcoin has experienced a long decline, which appears to have reached a low point last April. Indeed, since then, this ratio has already significantly recovered, but it would only be the beginning according to trader Mags on X (@thescalpingpro).
Indeed, the trader believes that the ratio between Ethereum and Bitcoin could return to the levels known in 2021, during the previous bull run. And if it indeed made the same movement, it would mean a 170% increase compared to today.
"[The ratio between] Ethereum and Bitcoin reached its low point exactly at the same level as during the previous cycle. Currently, the price is exactly at the support level from which it soared by 170% in just 7 weeks, displaying seven consecutive weekly green candles, followed by a slow distribution phase. (…)"
#sources: https://journalducoin.com/ethereum/ethereum-exploser-ratio-eth-btc-pret-bondir-170-selon-trader-etf/#author Rémy R.
The return of the prince of altcoins? If until now, Ethereum (ETH) has not shone in its performance during this cycle, barely surpassing its ATH (all-time high) from the previous bull run of 2021, things could soon change according to some analysts. While the ETH/BTC (ether/bitcoin) ratio is already rising, it is also noted that Ethereum ETFs are attracting more capital than Bitcoin ETFs in recent weeks.
Key points of this article:
Ethereum has recently attracted more capital in its ETFs than Bitcoin, sparking investor interest.
The ETH/BTC ratio could experience a spectacular increase of 170%, according to some analyses, if market conditions hold.
Is the ETH/BTC ratio ready to explode by 170%, like in 2021?
Over the past few years, the ETH/BTC ratio between ether and bitcoin has experienced a long decline, which appears to have reached a low point last April. Indeed, since then, this ratio has already significantly recovered, but it would only be the beginning according to trader Mags on X (@thescalpingpro).
Indeed, the trader believes that the ratio between Ethereum and Bitcoin could return to the levels known in 2021, during the previous bull run. And if it indeed made the same movement, it would mean a 170% increase compared to today.
"[The ratio between] Ethereum and Bitcoin reached its low point exactly at the same level as during the previous cycle. Currently, the price is exactly at the support level from which it soared by 170% in just 7 weeks, displaying seven consecutive weekly green candles, followed by a slow distribution phase. (…)"
#sources: https://journalducoin.com/ethereum/ethereum-exploser-ratio-eth-btc-pret-bondir-170-selon-trader-etf/#author Rémy R.
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