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- 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Let’s go! See you tonight: https://www.gate.com/announcements/article - 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
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👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
Found a pattern that can be used to estimate the bull run peak of $ETH.
In the bull run of 2017 and 2021, the peak market value of ETH was approximately 7% of the market value of $BTC.
In 2017, the highest price of BTC during the bull run was 19800, and the highest price of ETH during the bull run was 1400.
The highest price during the BTC bull run in 2021 was 69000, and the highest price for ETH during the bull run was 4871.
From these two patterns, it can be concluded that the highest point of ETH is almost 7% of the highest point of BTC.
So if the top price of BTC in this bull run is 120,000, then the price of ETH at about 7% would be 8,000.
If the top price of BTC in this bull run is 150,000, then the price of ETH at around 7% would be 10,500.
So those KOLs in the market who see ETH reaching 8000 to 10000 still have some reasoning behind it. I only see 4000 to 6000, which makes my perspective seem a bit small 😂.