📊 Historical Market Cap Ratio: $ETH vs $BTC

- 2017 Bull Run: ETH reached ~35% of BTC’s market cap.

- 2021 Bull Run: ETH slightly exceeded that, hitting ~36%.

This historical consistency suggests a strong correlation between ETH and BTC performance during bullish cycles. While ETH doesn’t match BTC in absolute price, its market cap tends to scale proportionally.

🔍 Current Market Cap Implication

Let’s assume:

- BTC Market Cap ≈ $1.7 trillion (hypothetical current figure)

- 35% of BTC Market Cap → ETH Market Cap ≈ $595 billion

If ETH were to reach this proportion:

- Estimated ETH Price ≈ $6,000, assuming current ETH supply remains stable

This suggests ETH is currently undervalued relative to BTC, if we expect historical ratios to repeat.

🚀 Future Projection: BTC at $150,000

If BTC hits $150k, its market cap would be:

- BTC Market Cap ≈ $2.9–3 trillion (depending on circulating supply)

Then:

- 35% of BTC Market Cap → ETH Market Cap ≈ $1–1.05 trillion

- Estimated ETH Price ≈ $8,000+

This projection aligns with the thesis that ETH lags but eventually catches up in bull markets.