A friend said:
Let me tell you an interesting data, the exchange rate of ETH/BTC
In the bull-bear cycle of 17-20, the highest number was 0.122 and the lowest was 0.016, which was the early stage of the bear-to-bull cycle in September 19.
The highest point of the bull-bear cycle of 21-24 was 0.088, and the lowest was 0.046 before the big drop on April 13
That is to say, in this round of market, BTC has already broken the previous high, but ETH/BTC has broken a new low, which is obviously abnormal
And from the perspective of ecology, the things that BTC is speculating now have a sense of being both established and established. If you study it carefully, there is no practical significance except EVM compatibility. On the contrary, the ecology of ETH has a sign of breaking and establishing.
So, let's directly say the conclusion: the current ETH/BTC exchange rate can be considered to be at a low level, which is a very suitable position for building a position. In the next six months, the exchange rate will most likely catch up to around 0.065-0.07, and this catch-up may be to use ETH's ETF to create momentum.
Of course, only when ETH rises, there will be a real bull market for the altcoin!