$ETH vs $BTC: A ratio worth paying attention to
Ethereum has performed below Bitcoin for years.
But if ETH/BTC starts turning back from ~0.03 toward 0.06, the upside potential changes significantly.
With $BTC
on $200K:
ETH/BTC 0.06 = ~$12K ETH
ETH/BTC 0.12 = ~$24K ETH
That $24K target is aggressive. A more important signal is whether ETH can strengthen again relative to Bitcoin.
That’s the situation I’m monitoring.
If ETH/BTC turns around, which would you prefer for the next bullish phase: $ETH
or