Expect ETHEREUM to start outperforming BITCOIN

On this analysis we compare Bitcoin's last two Cycles to Ethereum's.

The recent underperformance of ETH against BTC has got many worried but in our view, there is no reason for concern.

This 'lagging' is something ETH did on its previous Cycle as well. While Bitcoin already broke to a new ATH in December 2020, Ethereum was still significantly under it.

Once the break out happened, ETH outperformed BTC by double the rise to the Cycle's Top (+789% against +337%).

As Ethereum is once more lagging but it is holding its 1week MA50, we expect to start outperforming Bitcoin again, which is leading with a break out.

In our view the time to move to the 'undervalued' Ethereum is now.

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