Ethereum’s value against Bitcoin has hit its lowest level since mid-2020, with a crypto trader suggesting that it might be time to shift into higher-performing altcoins.
“If still stuck on ETH, it is likely a good time to dump it to buy a higher beta altcoin,” economist and crypto trader Alex Kruger said in a March 12 X post.
ETH/BTC ratio is an altcoin season indicator
“If the market goes down, you’ll likely lose equally in both cases, but if it goes up, you’ll likely outperform significantly and can then swap into BTC,” Kruger opined.
The ETH/BTC ratio — which shows Ether’s relative strength compared to Bitcoin — is sitting at 0.02281, its lowest level in nearly five years, according to TradingView data.
Bitcoin Dominance is 0.02281 at the time of publication. Source: TradingView
Both the leading cryptocurrencies by market