☝️💡 Perspectives for Ethereum according to the ETH/BTC ratio
The ETH/BTC ratio (which compares the price of Ethereum to Bitcoin) is showing interesting signals that could indicate a bullish movement for ETH.
🟣 Projections based on historical scenarios:
1. If Bitcoin remains at $120K
- According to the maximum ratio of 2021: ETH could reach $9,800
- According to the maximum ratio of 2017: ETH could reach $14,310
2. If Bitcoin reaches $150K
- 2021 Ratio: ETH at $12,237
- 2017 Ratio: ETH at $17,887
3. If Bitcoin reaches $200K
- 2021 Ratio: ETH at $16,340
- 2017 Ratio: ETH at $23,860
🟠 How is it calculated?
(Bitcoin Price) x (ETH/BTC Ratio) = ETH Price
📊 Current favorable indicators:
✔ The ETH/BTC ratio broke above its 50-period moving averages
✔ Buy signal on the monthly MACD
✔ Only 18.8M ETH available on exchanges
✔ Wintermute (important OTC) reports lack of ETH to sell
✔ Increase in institutional purchases
💭 Conclusion:
The technical and institutional fundamentals, combined with the historical ETH/BTC ratio, suggest a potentially bullish scenario for Ethereum. However, these calculations are projections based on past patterns - the crypto market is volatile and many factors can influence it.
🤔👀 What price do you think ETH will reach considering this data?
Historical numbers point to ranges between $10K-$24K depending on the scenario, but as always in crypto, nothing is guaranteed.
🗣 Remember: This is not financial advice, just informative analysis. Do your own research before investing DYOR
