Bitcoin pioneer Samson Mow predicts Ethereum investors will switch back to Bitcoin once ETH prices rise, potentially reversing a surge in Ether. Market cycle patterns may indicate otherwise. Mow states most ETH holders will dump ETH once it’s high enough, creating new bagholders, and rotate gains back into BTC.

Mow believes Bitcoiners shouldn’t worry about the ETH/BTC ratio breaking the downward trendline, as Ethereum has always been a way for people to acquire more Bitcoin. The ratio currently stands at 0.036, double its April low. This has led to criticism from Ethereum advocates like Anthony Sassano, labeling it as a bullish sign for ETH.

Investor Ted Pillows predicts Ether will hit a new peak price, sparking a mini altseason, followed by capital rotating back into Bitcoin until it hits about $140,000. Then, a final rotation back into Ether and altcoins. This rotation pattern has played out in previous bull market years, with Ethereum and altcoins lagging behind Bitcoin.

ETH prices saw their highest weekly close since November 2021, topping $4,300 following a 21% weekly gain. Ether is now just 12% away from its 2021 all-time high of $4,878. Momentum remains strong despite skepticism from Bitcoin maximalists. Bitcoin dominance has also declined 10% since late June as capital rotates into altcoins.

Read more at Cointelegraph.: Bitcoin Pioneer Predicts Ethereum Rotation Despite Market Cycles