Hello!

Everybody is wondering why Ethereum is lagging against Bitcoin. While Bitcoin is close to $90,000 Ethereum is failing to reach their previous all time highs. Ethereum is currently trading at $3,300, it looks like Ethereum is dead and altcoins too, right?

Nope. It's happening exactly the same that happened last cycle. If we look at the information shared by Juan Téllez (Twitter @Juan_Web3), he exposes the following facts.

1- Last cycle when Bitcoin crossed the previous all time high of $20,000 Ethereum was trading at $612, a minus 25% from last peak of $821.

2- This cycle, now that Bitcoin has crossed the all time high, Ethereum is trading at -29% approximately.
From $4,800 (cycle peak) to $3,300.

History is repeating?

I particularly think that we are going to witness the same exact pattern of last cycle. First Bitcoin, then Ethereum and high market cap coins and after that medium and low capitalization coins. Everybody is going to be able to make life changing money.

It's not a bad strategy to rotate some Bitcoin to Ethereum. The ratio BTC/ETH has been declining for a long period of time. We all know that in bull markets this ratio reverses and Ethereum and other altcoins will outperform Bitcoin. Will this happen again? I think so.

Why?

Because retail is entering the space, and they will be making the same mistakes over and over again. They will be buying every single coin, everything will pump, we will see crazy valuations and they will be the exit liquidity from whales and more experienced traders.

You deserve it! Enjoy the next phase of the bull run.

Posted Using InLeo Alpha