ETH: Is it Finally Time to Rotate?

Nov 27, 2024 • 7 Min Read

Author

AVAX 2.07% BNB 2.02% BONK 2.22% BTC 2.11% CORE N/A% ETH 2.60% HNT -2.75% JTO 12.45% MKR -1.30% RAY 4.20% SOL 3.40% STX N/A% XRP 3.76% BITW -6.16% BTBT -11.89% CLSK -8.28% COIN -7.25% CORZ -8.13% HIVE -15.33% HOOD -7.11% HUT -12.29% IREN -13.26% MARA -12.25% MSTR -7.49% RIOT -11.1% SMLR WULF -8.86%

Turning Cautiously Optimistic

There is a lot of pain in the ETHBTC chart. It peaked in December 2021 and, save for several brief rallies, has been on a downwards slope ever since. It peaked at just under 0.09 and currently trades around 0.038.

Fortunately, we have anchored most of our attention on BTC and SOL this cycle, as BTC has continued to lead the market in a generally top-heavy, idiosyncratic market regime. In the Core Strategy, we have been underweighting ETH for the better part of the last 12-15 months, with a brief increase in relative favorability aroun...

Unlock this article with a FREE 30-Day Trial!

An Fundstrat Pro, or Fundstrat Crypto subscription is required in order to access this content.

Already a member?

ETH: Is it Finally Time to Rotate?

Turning Cautiously Optimistic

Unlock this article with a FREE 30-Day Trial!

Share this chart