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It's been a long steady decline of Ethereum vs Bitcoin since mid 2021. Until late 2022 it felt like the appropriate relationship was .075, and of course now we are .034. It makes more sense when you consider the rise of other L1s, SOL, Tron(TRX), AVAX, NEAR etc. https://preview.redd.it/w21sfwhtho1e1.png?width=2390&format=png&auto=webp&s=66f28d2cb331d2d21d5aae3e04ffce765e7aedb6 submitted by /u/Harmonius-Insight |
