Examining the performance of Ethereum against Bitcoin across market cycles

quick take

The Ethereum-to-Bitcoin ratio is currently at 0.061, hovering near year-to-date lows. This radio is calculated by dividing the price of Ethereum by the price of Bitcoin and offers an interesting comparison to previous market cycles, especially when evaluating performance from the cycle’s all-time high (ATH).

The 2015-2017 cycle saw excellent performance for Ethereum, with returns exceeding 60,000%, significantly outperforming Bitcoin. During this period, the Ethereum-to-Bitcoin ratio hit a significant high.

In the subsequent cycle from 2017 to 2021, Ethereum declined, but continued to perform strongly, with an impressive 1,000% top return. The cycle suggested that Ethereum’s dominance over Bitcoin was on the decline.

We are currently in a cycle that began in November 2021. Ethereum’s performance in this cycle is slightly better than the previous cycle, but it is generally considered a poor performer.

As we move forward, the speculation is whether Ethereum will continue this pattern of underperformance in each subsequent cycle, or disrupt the trend. question arises. Will Ethereum throw a “spanner” into this observed trend? Only time will tell.

ETH/BTC: (Source: Glassnode)

This post, “Investigating Ethereum’s Performance Against Bitcoin Across Market Cycles,” first appeared on CryptoSlate.

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