Ethereum potential -85% vs BTC price (Triangle has broken) 8 YRS
I still watch this pair every day even though I dislike the entire Ethereum ecosystem.
But we have seen the triangle pattern wick down indicating strength is dropping by too much from the BTC price flows, this pattern has been forming since 2016 that is 8 years!.
And please not this is before the Spot ETF flows has commenced, I don't really see a way Ethereum can recover from this if it starts to accelerate.
There's no easy way to safely short the ETH/BTC and again there's more profit on the Bitcoin long side that inherently will decay the ETH/BTC pair.
And also I still know the Ethereum community is as fragile as francium-223 meaning it won't take much for the Ethereum experts to capitulate back into Bitcoin.