If you're an investor in ether (ETH) or at least follow the news about its price, you'll know that the cryptocurrency on the Ethereum network is going through a good time.

ETH has broken the stiff resistance at $3,500 and is already setting its sights on its next price target – $4,000. If it were to surpass that mark, it could easily go towards the area of its all-time high, close to $4,850.
But what if I told you that things aren't as rosy as they seem to be at first glance? It is true that measured in dollars (or any other fiat currency) the price of ETH is undoubtedly in an uptrend. But the same is not true when measured in what many consider to be the strongest currency in the world: bitcoin (BTC).
The downward trend has been unquestionable since at least September 2022. Someone could even argue that it has been in this situation since June 2017, as the maximum peaks it has made since then are getting lower and lower.
The price of ETH, measured in bitcoin, is 0.056 BTC at press time, a far cry from its all-time high of 0.15 BTC.