The following chart observes the relative position of BTC and ETH from 2020 to 2021.
The candlestick chart is Bitcoin, and the red line is ETH. The following points can be summarized through comparison:
1. About 40 days after Bitcoin broke the previous high, ETH finally broke the previous high.
2. During the first significant retracement after Bitcoin broke the previous high, ETH began to accelerate upwards. (See the first yellow arrow)
3. After the first major peak of Bitcoin, ETH did not peak but accelerated again to reach a new peak in just over 20 days. (See the fourth yellow arrow)
4. After Bitcoin's retracement bottomed out, ETH also bottomed out simultaneously, then both ETH and BTC surged to new highs and reached their final peak at the same time. (See the blue arrow)
In this round of market, ETH has risen to $4100, still a distance from the previous high of $4868. How will it develop in the future, can we catch the boat with the sword?