If we behave anything like last time, ETH should move any day now. Target 0.061 BTC, and then much higher if we can clear that and then clear previous highs.
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Notice that Bitcoin Dominance is almost a mirrored inverse of this chart and about to head down:
if ethereum wage reduce it possible, I agree with you 👍
devilninja777
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Imagine thinking ETH will ever be 20% of a bitcoin again LMAO
dudebruhwhoa
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@devilninja777, seems difficult to imagine but ETH went up while BTC went down towards the end of the last bull run, it was one of the very last to spike.
devilninja777
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@dudebruhwhoa, the last bull run was different, people actually believed that ETH was bitcoin 2.0... now they know better. Additionally all institutional money is coming to BTC not ETH. When you have massive inflows of capital on one asset and not the other, I dunno why you'd expect retail to carry ETH/btc higher
dudebruhwhoa
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@devilninja777, hey either of us could be wrong, these are just ideas after-all. Best of luck to both of us. My target is 0.061 btc, if it goes higher, great, if it goes too much lower, i'll cut my losses and move on.
mattjescot
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@dudebruhwhoa, I admire your take on that monthly, and your patience with the troll. I think you’ve got this spot on. ETH is in fact a hugely better value proposition than BTC right now too. If the Bitcoin maximalists cared to read up they’d discover there’s loads of institutional money going into ETH. They’d also see how the fundamentals more than justify your very astute reading of this chart. Great work. Look forward to “devilninja’s” grovelling apology when he puts the begging bowl out for your ETH.