According to external sources, Jiang Zhor, founder of the China mine pool BTC.TOP, has adjusted his judgement to the Etherjong, suggesting that ETH may perform better than BTC during the current round of encryption. He had previously made an empty ETH, but then stopped the losses after the price had been restored above US$ 2,000 and bought it again around US$ 2100.
He stated that he was now about 90 per cent certain that the wider bear market was over. However, this judgement is more based on changes in market structure than on a single price rebound.
ETH/BTC becomes the core indicator
According to the article, the key basis for Jiang Zhor ' s shift to see more was the re-emergence of the ETH/BTC margin. This indicator is used to measure the performance of the Taicha relative bitcoin.
After a long period of vulnerability, ETH/BTC has recently recovered. Coinpaper had previously analysed that the margin had broken the long-term downward trend and 0.03 was considered to be important in the follow-up. If this strength continues, market expectations for the relative performance of Ethera may continue to improve.
ETF Inflow of funds to raise the profile
Foreign media mention that the U.S. ETF has attracted about $220.8 million in inflows on a single day. At that time, the ETH price had risen above $2,400, with a weekly increase of approximately 29 per cent.
In addition to the price factor, the supporters of the Taifung also value their network use. Compared to bitcoin, the inn has carried more chain applications, including currency stabilization, decentrization, tokenized securities and smart contracts. This means that ETH benefits not only from asset price volatility, but is also more vulnerable to growth in chain activity.
Bitcoin still has two advantages.
At the same time, however, the article states that looking at the multi-etherms does not amount to looking at empty bitcoin. BTC remains the most market-based encrypted asset, with a more fluid organization and a clearer narrative of scarcity.
The difference is mainly due to the different drivers. Bitcoin prefers monetary attributes and the logic of institutional configuration, while the inn carries two main lines of asset prices and network usage. It is still up to ETH/BTC to maintain the current upward trend. The relative strength of bitcoin could return to market centres once again if the margin were to fall back into recent support.