Examining the performance of Ethereum against Bitcoin across market cycles

2023-7-12 12:51

Quick Take

The Ethereum to Bitcoin ratio is currently at 0.061, as it hovers around year-to-date lows. The radio is calculated by dividing the price of Ethereum by the price of Bitcoin and offers an intriguing comparison against previous market cycles, especially when assessing performance from the cycle’s all-time high (ATH).

The 2015 to 2017 cycle saw an outstanding performance from Ethereum, with returns exceeding 60,000% and markedly outperforming Bitcoin. This period marked a significant high point for the Ethereum to Bitcoin ratio.

In the subsequent cycle from 2017 to 2021, Ethereum continued to perform well, although with a decreased, impressive return high of 1,000%. This cycle hinted at a declining trend in Ethereum’s dominance over Bitcoin.

Now, we find ourselves in a cycle that commenced in November 2021. Ethereum’s performance in this cycle is marginally better than the preceding cycle but is generally viewed as underperforming.

As we move forward, it’s a point of speculation whether Ethereum will continue this pattern of underperformance in each succeeding cycle or whether it will disrupt the trend. The question arises: will Ethereum throw a ‘spanner in the works’ of this observed trend? Only time will tell.

ETH/BTC: (Source: Glassnode)

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Ethereum (ETH) на Currencies.ru

$ 2863.53 (-0.56%)
Объем 24H $90.306b
Изменеия 24h: 2.42 %, 7d: -9.76 %
Cегодня L: $2705.01 - H: $2900.22
Капитализация $345.127b Rank 2
Цена в час новости $ 1887.49 (51.71%)

bitcoin ethereum price cycles market performance against

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