There is a huge narrative push that ETH might come close to flippen BTC. Here is one way that can play out that looks the most plausible. This should happen by the time BTC makes new all time highs. If you have experienced the 2017 bull run, you will know that alt/btc pairs take a severe hit as BTC makes big moves towards making new all time highs. You probably saw a trailer for that in the October - December 2020 period. Elements of this chart:
1. Comparison of consolidation patterns between 2017 and now.
2. multi year bull trend on RSI......this must hold for anyone to be bullish ETHBTC. Do not fight the trend when the support line breaks.
3. Ichimoku on weekly suggests bullish continuation.
ETH seems to be chilling right now as other competing layer 1 solutions like ADA, SOL, AVAX and LUNA are mooning. None of these platforms are a finished product at this moment, fueling speculative narratives and ridiculous valuations.
It will be extremely hard for ETH to flippen BTC when BTC is above 100k so if it doesnt happen by then, it will probably not happen for years to come until the next boom-bust cycle.
1. Comparison of consolidation patterns between 2017 and now.
2. multi year bull trend on RSI......this must hold for anyone to be bullish ETHBTC. Do not fight the trend when the support line breaks.
3. Ichimoku on weekly suggests bullish continuation.
ETH seems to be chilling right now as other competing layer 1 solutions like ADA, SOL, AVAX and LUNA are mooning. None of these platforms are a finished product at this moment, fueling speculative narratives and ridiculous valuations.
It will be extremely hard for ETH to flippen BTC when BTC is above 100k so if it doesnt happen by then, it will probably not happen for years to come until the next boom-bust cycle.