Bullish ETHUSDT & ETHBTC. Buy XBT-ETH tracker in SEK V2This is a follow on from a previous analysis entitled "Bullish ETHUSDT & ETHBTC. Buy XBT-ETH tracker in Swedish Krona"
We compare the investment opportunity of ETHBTC, ETHUSD and XBT-ETH SEK
Investors are bullish on Ethereum in general ( ETHUSD ). Based on the details outlined in the graphs above investors are more bullish on the short term gains of ETH than its rival BTC.
This is because Bitcoin remains the "stable" choice in an uncertain market. Under market uncertainty Bitcoin regains its dominance (currently at an all time high) at the expense of alt-coins such as Ethereum.
However we reach a stage where assets such at Ethereum become so oversold that they attract capital. For those who have held Bitcoin over the past 6 months this is seen as an opportunity to convert BTC into ETH which is now cheaper (in Bitcoin terms) than it is in fiat value.
Another way of investing would be to take a position in an Ethereum tracker such as XBT-Ethereum.
-XBT-ETH in Swedish Krona SEK is particularly attractive given the currency has plummeted to a 9 year low. SEKEURO and SEKGBP are in my opinion an attractive mid term currency pair which makes this investment even more attractive.
Furthermore XBT-ETH SEK tracker tends to trade above its relative value during bull runs when Fear of Missing Out FOMO starts to climb. Get in early.
