A little history of the race between ETH and BTC

January 2021. While BTC hits $40k (2× its ATH from 2017), ETH is lagging behind and struggles to keep $1.2k (below its ATH from 2018). The ETHBTC ratio oscillates around 0.03 after a 3.5 year-long slide (from 0.14 in June 2017).

Despair.

April 2021. BTC has approached/hit $60k (3× its previous ATH) several times while ETH seem unable to pass $2.1k (1.5× its previous ATH). The ETHBTC ratio is 0.036 and has been struggling for months to pass 0.04.

Despair.

May 2021. ETH hits $4.4k (3.1× its ATH) while BTC has been unable to pass sustainably $60k for months. The ratio hits 0.08.

Duration of the race between despair and deserved relief: 1 month.