The dust of ETH ETF gradually dissipated and returned to calm. It just sang the beginning, and the ending is still suspenseful. $4,000 seems to be a key resistance level for ETH, and the last two sprints have failed to break through effectively.
1 ETH is approximately equal to 0.05456 BTC. In the past 10 years, in terms of BTC, there is a nearly 100x increase compared to ICO.
However, the current ETH/BTC exchange rate is similar to the level at the end of 2017, 6 or 7 years ago. There is still a long way to go from the historical high of 0.1228 in early 2018.
At the top of the bull market in 2021, the ETH/BTC exchange rate level only returned to 0.08836 at most, and failed to return to the historical high in early 2018.
According to today's BTC price of about 69k, if ETH/BTC returns to its historical high of 0.1228, then its price should be 8473 dollars, which is more than double the current 3760 dollars.
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