Someone asked how to view the ETH/BTC exchange rate?

My own view is—keep a long-term perspective and don't just focus on the short-term fluctuations. When we look at a larger time scale, the trend is actually quite clear.

Previously, the ETH to BTC exchange rate found a "bottom" around 0.01795, although it actually dropped to 0.01766, but this was just a slight breakthrough. This situation is common because the "high point of trading volume" in a longer cycle has a strong supporting effect on the price.

I also drew a few charts before, marking some key points like stars, and a lot of information can be seen from the charts:

For example, this round of bull market may last quite a long time. However, since the weekly, monthly, and quarterly lines have not yet "closed," we cannot see where it will ultimately go.

However, one point of reference is—the quarterly trend that started in September 2019 indicates that this round of increase will encounter some pressure in the 8th and 9th phases.

If the trend goes smoothly, the ETH/BTC exchange rate may rise to 0.089 or even 0.0989. Once this height is reached, it means that the price of ETH will be very considerable.

To summarize my viewpoint: No matter how we analyze it, ETH's performance in 2025 should be more impressive than BTC's. As a blockchain infrastructure, the value of Ethereum will certainly be re-recognized by the market.