Since 2019 the ETH/BTC has gone from .017 to .09 at its peak in December (almost a 4x gain!)
This was due mostly to the rise of things like NFTs and Play 2 earn gaming, which almost exclusively use Ether to purchase/use. This is a trend I don't see cooling off in 2022.
For this reason and many others, I think Ether will only continue to appreciate against Bitcoin until the inevitable market cap "flippening".
As far as the charts go, we re looking at a beautiful corrective pattern beginning December 9th, with a smaller corrective pattern within it.
I think its likely that this is the bottom, but if not then its coming soon. Won't be long.
My First target is .10 but I see ETH/BTC hitting .15 or higher in 2022 with many corrections along the way.
This was due mostly to the rise of things like NFTs and Play 2 earn gaming, which almost exclusively use Ether to purchase/use. This is a trend I don't see cooling off in 2022.
For this reason and many others, I think Ether will only continue to appreciate against Bitcoin until the inevitable market cap "flippening".
As far as the charts go, we re looking at a beautiful corrective pattern beginning December 9th, with a smaller corrective pattern within it.
I think its likely that this is the bottom, but if not then its coming soon. Won't be long.
My First target is .10 but I see ETH/BTC hitting .15 or higher in 2022 with many corrections along the way.