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This could be one of the most important Ethereum charts right now. Ethereum has been underperforming Bitcoin for almost a year. Every rally has eventually rolled over. Every attempt to reclaim strength has been sold. ETH is now down more than 50% against BTC from the highs. The reason this matters is simple. When Ethereum starts outperforming Bitcoin, that’s usually when the rest of the altcoin market begins to wake up. Right now, that hasn’t happened. And until it does, it’s difficult to get excited about most altcoins. All eyes should be on $ETH /$BTC .