ETH probably will outperform BTC like 2017
This is a monthly ETH to BTC ratio chart. It shows how ETH outperformed BTC in the last bull cycle and underperforms BTC in the last bear cycle. The ETH:BTC and BTC:ETH ratios are as follows:
Month/Yr ETH:BTC BTC:ETH
Nov 2015 0.00137 730
Mar 2016 0.0372 27
Dec 2016 0.007302 137
Jun 2017 0.1530 6.5
Sep 2019 0.01615 62
Sep 2020 0.04055 25
Dec 2020 0.002272 44
Jan 16, 2021 0.03315 30
The ETH:BTC ratio went generally up in the 2015-17 bull cycle. A well place ETH buy in Dec 2016 would have outperformed BTC by 20 to 1 in six months by June 2017. Could this happen again and ETH outperform BTC the next few months? The Elliot Wave has bottomed and recently moved up from .002272 last month to .03315 now. I believe the ETH:BTC ratio could rise again to 0.1530 like Jun 2017 later this year. If so, then ETH would outperform BTC 4.6 to 1.
Some are expecting $200,000 for the BTC price later this year. A ETH:BTC ratio of 6.5 would yield a $30000+ ETH price. Similarly, a $300,000 BTC price would yield a $46,000 ETH price.
Month/Yr ETH:BTC BTC:ETH
Nov 2015 0.00137 730
Mar 2016 0.0372 27
Dec 2016 0.007302 137
Jun 2017 0.1530 6.5
Sep 2019 0.01615 62
Sep 2020 0.04055 25
Dec 2020 0.002272 44
Jan 16, 2021 0.03315 30
The ETH:BTC ratio went generally up in the 2015-17 bull cycle. A well place ETH buy in Dec 2016 would have outperformed BTC by 20 to 1 in six months by June 2017. Could this happen again and ETH outperform BTC the next few months? The Elliot Wave has bottomed and recently moved up from .002272 last month to .03315 now. I believe the ETH:BTC ratio could rise again to 0.1530 like Jun 2017 later this year. If so, then ETH would outperform BTC 4.6 to 1.
Some are expecting $200,000 for the BTC price later this year. A ETH:BTC ratio of 6.5 would yield a $30000+ ETH price. Similarly, a $300,000 BTC price would yield a $46,000 ETH price.
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