One Ethereum costs 0.0293 Bitcoin on Monday evening. That is the yardstick that decides whether holding ETH pays off against BTC, and for five weeks it has pointed one way: down. From the high of 0.0327 on September 13, 10.4 percent has gone, and only 1.5 percent now separates it from the three-month low of 0.0289.
The dollar price hides this. Ethereum trades at around $2,400 on October 19, practically where it stood yesterday, or €2,141. Look only at that and you see a quiet day. Count in Bitcoin and you see the twelfth day of a decline. Where the price can point on a horizon of months is something our Ethereum price prediction puts in context.
The ETH/BTC ratio: what the figure 0.0293 means
The ETH/BTC ratio is the price of one Ethereum expressed in Bitcoin rather than in dollars or euros. At 0.0293 you get 0.0293 Bitcoin for one Ethereum, and conversely one Bitcoin costs around 34.1 Ethereum. The figure exists as its own trading pair on every larger exchange. It is traded directly rather than derived.
The use of this calculation is that it strips out the common market wind. If the whole crypto market falls five pe...
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