According to @CryptoMichNL, ETH has trended lower against BTC for four years, but he states the ETH/BTC pair bottomed in April 2025 and that the market is already Ethereum-led, comparable to 2019 (source: @CryptoMichNL on X, Jan 11, 2026). For trading, his view highlights ETH/BTC as the key relative-strength gauge for Ethereum’s potential outperformance versus Bitcoin in the current cycle (source: @CryptoMichNL on X, Jan 11, 2026).