Analyst says ETH/BTC ’collapse is over’ as Ether reclaims $3.8K
Ether’s strength against Bitcoin “should go higher” over the next 6 to 12 months, according to a crypto analyst, following a stretch of underperformance.
Ether’s underperformance against Bitcoin could be nearing its end, with crypto analysts suggesting Ether is inching closer to the important $4,000 psychological price point.
“I think the ETH/BTC collapse is over (or nearly over), and it should go higher over the next 6-12 months,” Into The Cryptoverse founder Benjamin Cowen said in a Dec. 4 X post.
When the ETH/BTC ratio — a metric showing Ether’s (ETH) relative strength to Bitcoin (BTC) — reaches a possible low point, many traders will begin speculating a surge in Ether.
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Author: Ciaran Lyons
