ETH/BTC’s 8-Year Cycle Chart Shows How High Ethereum Price Can Go This Cycle

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ETH/BTC’s 8-Year Cycle Chart Shows How High Ethereum Price Can Go This Cycle - NewsBTC

Quick Summary:

Notably, the chart shows that the Ethereum price has been largely underperforming against the Bitcoin price for the past few years, a trend that has been further exacerbated since July of this year. Related Reading: XRP Price Reaches 3-Year High At $1.6 – 2 Ways It Can Go From Here Unlike the Bitcoin price, which follows a well-documented 4-year cycle aligned with its halving events, the Ethereum price seems to chart a different path.

This plays into the notion of an altcoin season where investors start to take profit on the Bitcoin price and start investing in the altcoin market. According to an analysis on the TradingView platform, the 4-year cycle of the Bitcoin price suggests that the leading cryptocurrency might plunge to the depth of its sinusodial path by 2026, according to its Power Law corridor by 2026.

Ethereum’s 8-year cycle indicates that as the Bitcoin price starts to reach a peak within its own cycle, Ethereum could be counterbalancing these movements.