Since ETH inceptions, there has been two strong moves against the BTC valuation. Interesterinly enough, in both instances, ETH bullish price action started in January. We see price continues to build momentum causing the ETHBTC to high rocket.
As we seeing ETH on the verge of $3,000, it's important to look back try to gain more insights. The most important thing you should take away from this chart is that eventually King BTC will return and start outperforming ETH. This occurred in March 2016 and Jun 2017. Both reversals saw the ETH valaution against BTC dropped significantly. Does that mean you sell all your ETH right now? Absolutely not! If history is any indication ETH has outperform BTC in every cycle so far.
As we seeing ETH on the verge of $3,000, it's important to look back try to gain more insights. The most important thing you should take away from this chart is that eventually King BTC will return and start outperforming ETH. This occurred in March 2016 and Jun 2017. Both reversals saw the ETH valaution against BTC dropped significantly. Does that mean you sell all your ETH right now? Absolutely not! If history is any indication ETH has outperform BTC in every cycle so far.