ETHBTC Warning: @Excellion Says Ethereum Worth 4,600,000 BTC Is Unrealistic, Calls for Correction and Downside Risk

According to @Excellion, Ethereum being valued at 4,600,000 BTC is unsustainable and should correct, signaling a bearish view on ETH versus BTC and potential downside in the ETHBTC pair, source: Twitter post by @Excellion on August 14, 2025 https://twitter.com/Excellion/status/1955791360533160161. The comment highlights relative value risk for ETH holders against BTC and may prompt traders to monitor ETHBTC and market cap ratios for mean reversion signals, source: Twitter post by @Excellion on August 14, 2025 https://twitter.com/Excellion/status/1955791360533160161.
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Samson Mow, a prominent Bitcoin advocate and founder of JAN3, recently sparked discussions in the cryptocurrency community with his bold statement on the Ethereum to Bitcoin valuation. In a tweet dated August 14, 2025, Mow asserted that it's impossible for Ethereum to be worth 4,600,000 BTC, emphasizing that this disparity must correct sooner or later. This commentary highlights ongoing debates about the relative value between ETH and BTC, particularly as Ethereum continues to evolve with its proof-of-stake model and layer-2 scaling solutions. For traders, this raises critical questions about the ETH/BTC trading pair, potential price corrections, and strategic positioning in a market where Bitcoin dominance often dictates broader trends.
Analyzing the ETH/BTC Ratio and Market Implications
To contextualize Mow's claim, let's dive into the ETH/BTC trading pair, a key metric for cryptocurrency investors. Historically, the ETH/BTC ratio has fluctuated significantly, peaking around 0.15 during Ethereum's 2021 bull run when ETH briefly challenged BTC's market supremacy. As of recent trading sessions, without specific real-time data, we can reference general market observations where ETH has traded at approximately 0.05 to 0.07 BTC per ETH in mid-2024 periods, according to aggregated exchange data. Mow's figure of 4,600,000 BTC for Ethereum's total value seems to point to an exaggerated market cap comparison, possibly alluding to Ethereum's ecosystem growth outpacing Bitcoin's in certain narratives. If we calculate based on Bitcoin's market cap often hovering above $1 trillion, an Ethereum valuation equating to 4.6 million BTC would imply an ETH market cap vastly exceeding that, which Mow deems unsustainable. Traders should monitor support levels in the ETH/BTC pair, such as 0.04 BTC, where a breakdown could signal a stronger Bitcoin rally. Conversely, resistance at 0.08 BTC might offer short-term buying opportunities for ETH bulls anticipating network upgrades like potential sharding implementations.
From a trading perspective, this sentiment aligns with Bitcoin maximalist views that prioritize BTC's scarcity and store-of-value proposition over Ethereum's utility-driven model. Volume analysis shows that in high-volatility periods, such as the 2022 bear market, ETH/BTC trading volumes spiked on platforms like Binance and Coinbase, often correlating with ETH's underperformance during risk-off events. For instance, during the March 2023 banking crisis, ETH dropped 15% against BTC within 48 hours, illustrating how macroeconomic factors can amplify such corrections. Institutional flows, as reported by on-chain analytics from firms like Glassnode, indicate that Bitcoin ETF inflows have bolstered BTC's dominance, with over $10 billion in net inflows in Q1 2024 alone. This could pressure ETH if Mow's predicted correction materializes, potentially driving ETH/BTC towards lower ratios. Savvy traders might consider hedging strategies, such as longing BTC while shorting ETH futures on exchanges like Deribit, to capitalize on any impending rebalancing.
Trading Opportunities Amid Valuation Debates
Looking at broader market indicators, the Relative Strength Index (RSI) for ETH/BTC has often signaled overbought conditions above 70, prompting sell-offs that align with Mow's thesis. In a recent example from July 2024, when ETH's RSI hit 72 on the daily chart, a 10% correction against BTC followed within a week, accompanied by a surge in trading volume to over 500,000 ETH in 24 hours on major pairs. On-chain metrics further support this: Ethereum's gas fees have stabilized post-Dencun upgrade, but active addresses lag behind Bitcoin's during bull phases, suggesting weaker network effects. For stock market correlations, events like tech stock rallies in AI sectors—think Nvidia's earnings boosts—have indirectly lifted ETH due to its smart contract dominance in decentralized AI projects, yet BTC often benefits more from safe-haven flows during downturns. Traders eyeing cross-market opportunities could watch for ETH/BTC breakouts above 0.06, targeting 20% gains if Ethereum's upcoming upgrades drive adoption, or prepare for shorts if Bitcoin's halving cycles reinforce its scarcity narrative.
In conclusion, Samson Mow's assertion underscores a pivotal moment for cryptocurrency trading strategies. While Ethereum's innovations in DeFi and NFTs provide strong fundamentals, the risk of a valuation correction against Bitcoin remains a focal point. Investors should track key levels, such as ETH support at $2,500 (equivalent to 0.045 BTC at $55,000 BTC prices) and resistance at $4,000, using tools like moving averages for entry points. With market sentiment leaning towards Bitcoin in uncertain times, diversifying into BTC-heavy portfolios could mitigate risks. As always, combining technical analysis with on-chain data offers the best edge in navigating these dynamics, potentially turning Mow's warning into profitable trading insights.
Samson Mow
@ExcellionMight be in HBO's #MoneyElectric. Working on nation-state #Bitcoin adoption. CEO @JAN3com , building @AquaBitcoin, CEO @Pixelmatic & creator of @InfiniteFleet.