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I’m seeing a lot of chatter from OGs claiming the BTC top is in — yet somehow $ETH is heading straight to $10K.
Here’s my take: I don’t see ETH hitting $8K–$12K unless BTC is in a strong parabolic trend at the same time.
If capital rotates from BTC to ETH right now at these levels, BTC likely dumps — and ETH would follow shortly after, maybe with just a quick wick above its previous ATH.
For ETH to have a real shot at $8K–$12K, the rotation needs to happen while BTC is in a full-blown parabolic move — not the slow grind we’ve been watching from $BTC in recent months.
History says the same. In the past two cycles, BTC’s top and ETH’s top have only been about a month apart and, EVERYTIME ETH broke its ATHs, BTC was in a parabolic trend.