Ethereum dominance expected to rise. LONG ETHEREUM for CRYPTOCAP:ETH. D by cedarfox
In this chart, I am measuring ethereum market cap dominance % and comparing it to Bitcoin market cap dominance which are almost always inversely proportionate to each other. I am measure the cycles of both ethereum dominance using the BLUE SINE WAVES and the Bitcoin dominance using the red SINE WAVES. We know that bitcoin and ethereum are very cyclical so the sine wave feature is helpful to let us know about where we are in the cycle. Typically during prior market tops, the …
In this chart, I am measuring ethereum market cap dominance % and comparing it to Bitcoin market cap dominance which are almost always inversely proportionate to each other. I am measure the cycles of both ethereum dominance using the BLUE SINE WAVES and the Bitcoin dominance using the red SINE WAVES. We know that bitcoin and ethereum are very cyclical so the sine wave feature is helpful to let us know about where we are in the cycle. Typically during prior market tops, the bitcoin dominence has fallen and the ethereum market dominance has risen at the same time. We can see that when during the last rising part of ethereum dominance cycle that whenever the candles fell below the sine wave line, it ended up being the relative best time to buy ethereum. I also have placed blue horizontal lines to measure possible market top zones, each time the length between the two blue lines increases by the golden ratio, about 61. 8% in time. This is experimental, but I believe that as BTC and ETH age, it make take longer to reach the next major peaks. This is just a hypothesis though. The sine wave lines have equal length from peak to peak and from trough to trough. So, what I see in this chart, that the current eth dominance is significantly under the blue rising sine wave line, so I expect that based ont his finding, that ETHEREUM is significantly undervalued relative to other crypto right now. Based on the sine wave lines, we can see that this sine wave will peak sometime in 2028. My idea is that Ethereum is a strong buy now, relative to other crypto. Disclaimer: Ethereum dominance is a percentage, so does not mean that ethereum cannot fall in price. Although sine waves and cycles are helpful, keep in mind that cycles do not always keep equal length in every case. Even if this idea has accurately measured the cycles, there is not a way to give a guarantee that ethereum dominance will rise as expected. There are external factors which could affect ethereum, apart from this cycle, that could give a differnet result than expected. This is not a recommendation to buy or to sell, and please always do your own research. DisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in theTerms of Use.