Relationship of BTC to ETH isn't it Curious ?.
Ethereum is currently trading at roughly 1/27th the price of Bitcoin, which is near a historical low for their ratio. Historically, the average ETH / BTC ratio has been closer to 1/17, which would imply an ETH price of around €6,000 today if it reverted to the mean. At its all-time high ratio in 2017, ETH was about 1/6th the price of Bitcoin, which in today’s terms would put it near €15,000.
Given this huge disparity, you’d think the market would recognize the undervaluation and rotate capital from BTC into ETH, especially as we approach the part of the cycle where alt coin typically outperform. Yet the rotation hasn’t happened in force .Isn't it curious?
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