If you asked me straight up whether I thought $ETH would flip $BTC at this cycle's peak my knee-jerk reaction would have been a resounding "no". 

But taking a closer look at the data now I wouldn't be so quick to say that.

Based on the technicals I've shared on the ETH/BTC chart, I do think it's not just possible but likely that we would see new ATH on ETH/BTC, which means we would also likely see $ETH flip $BTC. by end of cycle. 

It sounds crazy, but at it's peak in 2017, ETH hit a 37B marketcap while BTC was at 43B, which means we were very close to flipping BTC then too.

I think this time we will actually do it.

Also worth noting this is purely based on the technicals- which led me to be bearish ETH/BTC for the last 2 years and avoid a 50% drawdown on the pairing- so this post isn't influenced by any sort of fundamentally bullish bias on ETH.

I was bearish on ETH/BTC the last two years based on the charts, now it's time to start shifting bullish on ETH/BTC based on the charts, that's all there is to it.
#ETH #BTC