Chart 1 relative line Ethereum vs Bitcoin

Relative chart against the Bitcoin

Probably one of our most important charts within our analysis is the daily relative chart against the Bitcoin. We are charting all our graphs against the US$ as this is the dominant currency for crypto traders. However, Bitcoin remains the benchmark in the Crypto currency land. That said, outperformance or underperformance of a coin against the Bitcoin is of major importance to be aware of.
We always chart the individual Crypto coin on a daily basis.
The thick blue line shows the relative strength of Ethereum against the Bitcoin. Please note that we are seeing trends within this relative chart as well, confirmed by the red trend lines.
Summer 2019 Ethereum was weaker than the Bitcoin. So, we preferred an investment in Bitcoins over Ethereum during that time. In January and February of this year, Ethereum was outperforming Bitcoin, just as it is doing right now in April…