Relative to the benchmark in crypto (Bitcoin), Ethereum has trended straight down for the last two and a half years.
If the ETHBTC ratio was a chart of a company's stock versus the S&P 500, shareholders would question the CEO's ability to deliver value.
And I think this trend of Ethereum underperforming continues.
UNLESS, the Ethereum / Solana ratio can get back above these lows.
Thinking out loud, you know what would be absolutely hilarious?
If this was in the fact the bottom.
Just like how energy bottomed and commodities finally began outperforming stocks when Crude went negative, imagine if this trend of Solana outperformance ended on the President launching a Solana memecoin.
Honestly, it makes sense symbolically.
I just need to see this trend reverse. And in order for that to happen, the ETHSOL ratio needs to reclaim these lows.
And until it does, I think there are better opportunities in crypto outside Ethereum.
But it’s not just crypto where opportunities are appearing. Retail stocks are catching my attention, and there’s no one better to break it all down than JC and Jeff Macke. They just went live to discuss exactly this, and you can watch the replay here. They covered a ton of valuable insights!
