Ethereum vs Bitcoin: ETH May Set New Records
Ethereum (ETH) could launch a “parabolic” attack on BTC to break all-time highs.
TradingView data shows that ETH / BTC is near three-year highs, but its next move should be even stronger.
In a tweet on December 3, the popular Galaxy account suggested that ETH / BTC is about to outshine its already strong numbers when it goes into parabolic mode.
ETH / BTC hit 0.085 this week, the highest since its brief spike in May this year. In addition, only 2018 is on the way to new all-time highs, however, this year some exchanges will have significantly higher ceilings up to 0.15.
In dollar terms, the picture is also promising: Ethereum has repeatedly set new records in early November and has remained within 20% of the $5,000 since then.
While not all points to a drop in the $5,000 level, ETH / USD is trading at around $4,550 at the time of writing.