why $ETH is undervalued now, and when $BTC goes to $90000, $ETH should be $4500 or so according to historical correlation data?
The $ETH/$BTC ratio is currently at ~0.04, near historical lows. Previous crypto bull markets in 2017/2021 cycle saw this ratio peak at 0.08-0.12.The ETH/BTC ratio is bouncing back! For the past bull markets in 2021 and 2017, the ETH/BTC ratio reached around 0.05. This ratio represents how many $BTC are required to purchase 1 $ETH.
After reaching its lowest point in October, the ratio has now climbed back to almost 0.04. Will we see $ETH surpass the $4,000 mark again soon?
