ETH mooved in a rising channel since beginn 2020.
I graphically demonstrated in an other social network that price of ETH/BTC pair strictly correlate with the ratio between ETH and BTC onchain transfer value .
Since september 2020 for the first time in the ETH history, the onchain transfer value ratio was substantially higher than ETH/BTC pair value.
this could means 2 things.
1. we are entering in a new phase where transfer value influence more the value of bitcoin than Ether
2. Ether is strongly undervalued in comparison to bitcoin
BIO
I graphically demonstrated in an other social network that price of ETH/BTC pair strictly correlate with the ratio between ETH and BTC onchain transfer value .
Since september 2020 for the first time in the ETH history, the onchain transfer value ratio was substantially higher than ETH/BTC pair value.
this could means 2 things.
1. we are entering in a new phase where transfer value influence more the value of bitcoin than Ether
2. Ether is strongly undervalued in comparison to bitcoin
BIO