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I don't like TA, but we need some hopium. So let's look at how $ETH behaved in the last cycle of 2021. Let's took October 16, 2020 as the “start” of growth and broke down the entire growth into 4 points,
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marking the local extremes + added the “X Day” for Bitcoin and Ethereum. It turned out to be interesting: p.1 (1 Dec. 20): $BTC +73% and goes to ATH, $ETH +59% but still -57% of ATH
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p.2 (20 Jan. 21): $BTC +112% to ATH, $ETH +104% from p.1, but it is still -18% of ATH p.3 (21 Feb. 21): $BTC +41%, $ETH +63% of p.2 and breaks 35% of 2017 ATH. p.4 (15 Apr. 21): $BTC +11%, $ETH +21% of p.3 and +70% of ATH
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Day X + 3 weeks before it (May 11): $BTC -10% from ATH and +20% from the low point, $ETH gives +67% from ATH and +114% from the low point, in total $ETH +200% from ATH. Bottom line: from 2018 Ethereum grew always later than Bitcoin. It's not over yet.
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