 | The ETH ratio leading up to the September 2022 merge showed a radical incline. The optimism and hype for ETH was prevalent all around the crypto market. The next 12 months were certainly going to lead to the flippening and a new level of dominance for Ethereum. However, you can see that the merge now looks like the top of a multi year cycle. It wouldn't be surprising to see ETH/BTC decline back to its pre-merge levels of 0.05 or less. It's concerning that ETH's price hasn't stabilized more with its issuance rate being actually deflationary in recent months. What are your thoughts on the price of ETH denoted in BTC? My thoughts are it's a better time to DCA ETH than BTC. If the cycle repeats, BTC will reach a new ATH and then liquidity will move into ETH. After that, further down the food chain to alts. [link] [comments] |
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