T&#7927; l&#7879; ETH/BTC, m&#7897;t th&#432;&#7899;c &#273;o quan tr&#7885;ng v&#7873; s&#7913;c m&#7841;nh c&#7911;a Ethereum (ETH) so v&#7899;i Bitcoin (BTC), &#273;&atilde; duy tr&igrave; d&#432;&#7899;i m&#7913;c 0.05 trong h&#417;n m&#7897;t n&#259;m, cho th&#7845;y Ethereum &#273;ang g&#7863;p kh&oacute; kh&#259;n trong vi&#7879;c v&#432;&#7907;t qua &#273;&#7891;ng ti&#7873;n &#273;i&#7879;n t&#7917; l&#7899;n nh&#7845;t ngay c&#7843; trong th&#7901;i k&#7923; m&agrave; nhi&#7873;u nh&agrave; ph&acirc;n t&iacute;ch g&#7885;i l&agrave; &lsquo;m&ugrave;a Ethereum&rsquo;.
Theo Ryan Lee, Tr&#432;&#7903;ng ph&ograve;ng Ph&acirc;n t&iacute;ch c&#7911;a Bitget, vai tr&ograve; c&#7911;a Bitcoin nh&#432; l&agrave; &lsquo;t&agrave;i s&#7843;n neo&rsquo; c&#7911;a th&#7883; tr&#432;&#7901;ng gi&#7843;i th&iacute;ch t&#7841;i sao Ethereum v&#7851;n t&#7909;t h&#7853;u. &Ocirc;ng c&#361;ng chia s&#7867; v&#7899;i BeInCrypto v&#7873; nh&#7919;ng &#273;i&#7873;u ki&#7879;n c&#7847;n thi&#7871;t &#273;&#7875; ETH c&oacute; th&#7875; thu h&#7865;p kho&#7843;ng c&aacute;ch.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-why-the-eth-btc-ratio-remains-depressed-after-a-year-nbsp">T&#7841;i sao t&#7927; l&#7879; ETH/BTC v&#7851;n &#7903; m&#7913;c th&#7845;p sau m&#7897;t n&#259;m</h2>

&#272;&aacute;ng ch&uacute; &yacute; l&agrave; t&#7927; l&#7879; ETH/BTC &#273;&oacute;ng vai tr&ograve; nh&#432; m&#7897;t th&#432;&#7899;c &#273;o t&acirc;m l&yacute; c&#7911;a nh&agrave; &#273;&#7847;u t&#432;. Khi t&#7927; l&#7879; n&agrave;y t&#259;ng, &#273;i&#7873;u &#273;&oacute; cho th&#7845;y nh&agrave; &#273;&#7847;u t&#432; &#273;ang &#432;a chu&#7897;ng Ethereum h&#417;n Bitcoin, th&#432;&#7901;ng do nhu c&#7847;u m&#7841;nh m&#7869; t&#7915; c&aacute;c ph&aacute;t tri&#7875;n nh&#432; staking, ho&#7841;t &#273;&#7897;ng DeFi, ho&#7863;c s&#7921; l&#7841;c quan r&#7897;ng r&atilde;i h&#417;n trong <a target="_blank" href="https://beincrypto.com/learn/what-are-altcoins" rel="noreferrer noopener">altcoins</a>.&nbsp;
Ng&#432;&#7907;c l&#7841;i, khi t&#7927; l&#7879; gi&#7843;m, &#273;i&#7873;u &#273;&oacute; cho th&#7845;y Bitcoin &#273;ang v&#432;&#7907;t tr&#7897;i h&#417;n. &#272;i&#7873;u n&agrave;y c&oacute; th&#7875; ph&#7843;n &aacute;nh t&acirc;m l&yacute; tr&aacute;nh r&#7911;i ro, khi nh&agrave; &#273;&#7847;u t&#432; &#432;a th&iacute;ch s&#7921; an to&agrave;n t&#432;&#417;ng &#273;&#7889;i c&#7911;a Bitcoin ho&#7863;c k&#7923; v&#7885;ng l&#7907;i nhu&#7853;n m&#7841;nh m&#7869; h&#417;n t&#7915; n&oacute;.
V&agrave;o th&aacute;ng 04, <a target="_blank" href="https://vn.beincrypto.com/eth-btc-ratio-plummets-to-5-year-low/" rel="noreferrer noopener">BeInCrypto &#273;&atilde; nh&#7845;n m&#7841;nh r&#7857;ng</a> ch&#7881; s&#7889; n&agrave;y &#273;&atilde; gi&#7843;m xu&#7889;ng m&#7913;c th&#7845;p nh&#7845;t trong 5 n&#259;m gi&#7919;a nh&#7919;ng kh&oacute; kh&#259;n v&#7873; gi&aacute; c&#7911;a ETH. Tuy nhi&ecirc;n, sau &#273;&oacute; l&agrave; m&#7897;t s&#7921; ph&#7909;c h&#7891;i &#273;&aacute;ng ch&uacute; &yacute;. T&#7927; l&#7879; th&#7853;m ch&iacute; &#273;&atilde; &#273;&#7841;t m&#7913;c cao 0.043 v&agrave;o ng&agrave;y 24/08, tr&ugrave;ng v&#7899;i <a target="_blank" href="https://vn.beincrypto.com/ethereum-all-time-high-powell-speech-rally/" rel="noreferrer noopener">m&#7913;c cao nh&#7845;t m&#7885;i th&#7901;i &#273;&#7841;i (ATH) c&#7911;a ETH</a>.&nbsp;
Tuy nhi&ecirc;n, m&#7863;c d&ugrave; ETH &#273;&#7841;t k&#7927; l&#7909;c, t&#7927; l&#7879; n&agrave;y v&#7851;n kh&ocirc;ng th&#7875; v&#432;&#7907;t qua ng&#432;&#7905;ng 0.05, m&#7913;c &#273;&atilde; th&#7845;y l&#7847;n cu&#7889;i v&agrave;o th&aacute;ng 08/2024. T&#7841;i th&#7901;i &#273;i&#7875;m vi&#7871;t b&agrave;i, ch&#7881; s&#7889; n&agrave;y &#273;&atilde; gi&#7843;m nh&#7865; xu&#7889;ng c&ograve;n 0.038.
<img style="height:400px;width:640px;" decoding="async" alt="" class="wp-image-742756 lazy" loading="lazy" src="https://assets.beincrypto.com/img/DNSL97PbyQP9hZT9LdYr7hw5v8Y=/smart/173d0e0374254b7688fb84291951357e">T&#7927; l&#7879; ETH/BTC. Ngu&#7891;n: <a href="https://www.tradingview.com/" target="_blank" rel="noreferrer noopener nofollow">TradingView</a>

Nh&#432;ng &#273;i&#7873;u g&igrave; &#273;&#7913;ng sau s&#7921; t&#7909;t h&#7853;u n&agrave;y? Tr&#432;&#7903;ng ph&ograve;ng Ph&acirc;n t&iacute;ch c&#7911;a Bitget, Ryan Lee, nh&#7853;n x&eacute;t r&#7857;ng m&#7863;c d&ugrave; h&#417;n 4 t&#7927; USD &#273;&atilde; &#273;&#7893; v&agrave;o <a target="_blank" href="https://vn.beincrypto.com/ethereum-momentum-signals-shift-to-reserve-asset/" rel="noreferrer noopener">c&aacute;c qu&#7929; ETF Ethereum</a> v&agrave;o th&aacute;ng 08, s&#7921; k&eacute;m hi&#7879;u qu&#7843; t&#432;&#417;ng &#273;&#7889;i c&#7911;a t&agrave;i s&#7843;n n&agrave;y nh&#7845;n m&#7841;nh s&#7913;c h&#7845;p d&#7851;n l&#7899;n h&#417;n c&#7911;a Bitcoin &#273;&#7889;i v&#7899;i c&aacute;c nh&agrave; &#273;&#7847;u t&#432; th&#7853;n tr&#7885;ng trong b&#7889;i c&#7843;nh m&ocirc;i tr&#432;&#7901;ng v&#297; m&ocirc; kh&ocirc;ng ch&#7855;c ch&#7855;n.&nbsp;
&#272;i&#7873;u n&agrave;y c&#7911;ng c&#7889; v&#7883; th&#7871; c&#7911;a Bitcoin nh&#432; l&agrave; &lsquo;t&agrave;i s&#7843;n neo&rsquo; c&#7911;a ng&agrave;nh. Trong khi &#273;&oacute;, ti&#7873;m n&#259;ng d&agrave;i h&#7841;n c&#7911;a Ethereum g&#7855;n li&#7873;n v&#7899;i s&#7921; m&#7903; r&#7897;ng c&#7911;a h&#7879; sinh th&aacute;i DeFi v&agrave; token h&oacute;a c&#7911;a n&oacute;.
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;T&#7927; l&#7879; ETH/BTC duy tr&igrave; d&#432;&#7899;i 0.05 trong h&#417;n m&#7897;t n&#259;m, ngay c&#7843; khi Ethereum &#273;&#7841;t m&#7913;c cao k&#7927; l&#7909;c v&agrave; thu h&uacute;t h&agrave;ng t&#7927; USD t&#7915; d&ograve;ng v&#7889;n ETF, nh&#7845;n m&#7841;nh v&#7883; th&#7871; b&#7873;n v&#7919;ng c&#7911;a Bitcoin nh&#432; l&agrave; kho l&#432;u tr&#7919; gi&aacute; tr&#7883; t&#7889;i th&#432;&#7907;ng c&#7911;a ti&#7873;n &#273;i&#7879;n t&#7917;,&rdquo; Lee n&oacute;i v&#7899;i BeInCrypto.
</blockquote>

Nh&agrave; ph&acirc;n t&iacute;ch gi&#7843;i th&iacute;ch r&#7857;ng c&#417; h&#7897;i c&#7911;a Ethereum &#273;&#7875; thu h&#7865;p kho&#7843;ng c&aacute;ch &#273;&#7883;nh gi&aacute; c&oacute; th&#7875; ph&#7909; thu&#7897;c v&agrave;o d&ograve;ng v&#7889;n ETF h&agrave;ng qu&yacute; v&#432;&#7907;t qu&aacute; 9 t&#7927; USD, vi&#7879;c tri&#7875;n khai su&ocirc;n s&#7867; c&aacute;c n&acirc;ng c&#7845;p m&#7841;ng s&#7855;p t&#7899;i, v&agrave; s&#7921; t&#259;ng tr&#432;&#7903;ng &#273;&aacute;ng k&#7875; trong <a target="_blank" href="https://beincrypto.com/learn/blockchain-tokenization" rel="noreferrer noopener">t&agrave;i s&#7843;n token h&oacute;a</a> v&agrave; kh&#7889;i l&#432;&#7907;ng DeFi.
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;Nh&#7919;ng ch&#7845;t x&uacute;c t&aacute;c nh&#432; v&#7853;y s&#7869; t&#7841;o &#273;i&#7873;u ki&#7879;n cho ETH v&#432;&#7907;t tr&#7897;i h&#417;n BTC, b&#7893; sung cho c&acirc;u chuy&#7879;n l&#432;u tr&#7919; gi&aacute; tr&#7883; c&#7911;a Bitcoin v&#7899;i nhu c&#7847;u d&#7921;a tr&ecirc;n ti&#7879;n &iacute;ch,&rdquo; &ocirc;ng n&oacute;i th&ecirc;m.
</blockquote>

Lee b&#7893; sung r&#7857;ng c&aacute;c &#273;i&#7873;u ki&#7879;n v&#297; m&ocirc; r&#7897;ng l&#7899;n h&#417;n s&#7869; r&#7845;t quan tr&#7885;ng trong vi&#7879;c &#273;&#7883;nh h&igrave;nh tri&#7875;n v&#7885;ng th&#7883; tr&#432;&#7901;ng. H&ocirc;m nay, m&#7897;t <a target="_blank" href="https://vn.beincrypto.com/rate-cut-roulette-0-25-50-bps-bitcoin-altcoins/" rel="noreferrer noopener">&#273;&#7907;t c&#7855;t gi&#7843;m l&atilde;i su&#7845;t 25 &#273;i&#7875;m c&#417; b&#7843;n &#273;&#432;&#7907;c k&#7923; v&#7885;ng cao</a> t&#7915; C&#7909;c D&#7921; tr&#7919; Li&ecirc;n bang s&#7869; gi&#7843;m chi ph&iacute; vay v&agrave; b&#417;m thanh kho&#7843;n, t&#7841;o ra m&ocirc;i tr&#432;&#7901;ng h&#7895; tr&#7907; cho c&aacute;c t&agrave;i s&#7843;n r&#7911;i ro.&nbsp;
Trong k&#7883;ch b&#7843;n &#273;&oacute;, Bitcoin c&oacute; th&#7875; ti&#7871;n t&#7899;i ph&#7841;m vi 150,000&ndash;200,000 USD v&agrave;o cu&#7889;i n&#259;m, trong khi Ethereum c&oacute; th&#7875; t&#259;ng l&ecirc;n 5,800&ndash;8,000 USD, &#273;&#432;&#7907;c th&uacute;c &#273;&#7849;y b&#7903;i d&ograve;ng v&#7889;n ETF v&agrave; s&#7921; m&#7903; r&#7897;ng m&#7841;ng l&#432;&#7899;i li&ecirc;n t&#7909;c.&nbsp;
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;C&ugrave;ng nhau, nh&#7919;ng xu h&#432;&#7899;ng n&agrave;y ph&#7843;n &aacute;nh m&#7897;t th&#7883; tr&#432;&#7901;ng &#273;ang tr&#432;&#7903;ng th&agrave;nh, n&#417;i Bitcoin v&agrave; Ethereum th&uacute;c &#273;&#7849;y s&#7921; ph&aacute;t tri&#7875;n c&#7911;a ng&agrave;nh c&ugrave;ng nhau, v&#7899;i &#273;i&#7873;u ki&#7879;n l&#7841;m ph&aacute;t &#273;&#432;&#7907;c ki&#7875;m so&aacute;t v&agrave; kh&ocirc;ng c&oacute; c&uacute; s&#7889;c &#273;&#7883;a ch&iacute;nh tr&#7883; l&#7899;n n&agrave;o l&agrave;m gi&aacute;n &#273;o&#7841;n t&acirc;m l&yacute;,&rdquo; Lee n&oacute;i v&#7899;i BeInCrypto.
</blockquote>

<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-eth-btc-ratio-at-a-crossroads-altcoin-season-ahead-or-bearish-breakdown-nbsp">T&#7927; l&#7879; ETH/BTC &#273;ang &#7903; ng&atilde; ba &#273;&#432;&#7901;ng: M&ugrave;a altcoin s&#7855;p t&#7899;i hay s&#7921; s&#7909;p &#273;&#7893; gi&#7843;m gi&aacute;?</h2>

Trong khi &#273;&oacute;, m&#7897;t s&#7889; nh&agrave; ph&acirc;n t&iacute;ch d&#7921; &#273;o&aacute;n t&#7927; l&#7879; n&agrave;y s&#7869; t&#259;ng l&ecirc;n s&#7899;m. Trong m&#7897;t b&agrave;i &#273;&#259;ng tr&ecirc;n X (tr&#432;&#7899;c &#273;&acirc;y l&agrave; Twitter), m&#7897;t nh&agrave; ph&acirc;n t&iacute;ch ch&#7881; ra r&#7857;ng sau khi t&#259;ng 150%, t&#7927; l&#7879; ETH/BTC &#273;&atilde; giao d&#7883;ch &#273;i ngang.
<img style="height:400px;width:640px;" decoding="async" alt="D&#7921; b&aacute;o t&#7927; l&#7879; ETH/BTC" class="wp-image-742757 lazy" loading="lazy" src="https://assets.beincrypto.com/img/dQOBF2VuQtTDiH__DVIY_kOcVdQ=/smart/22bb4fd7830a4b38b7b922e2991789da">D&#7921; b&aacute;o t&#7927; l&#7879; ETH/BTC. Ngu&#7891;n: <a href="https://x.com/Zynweb3/status/1967857663754277356" target="_blank" rel="noreferrer noopener nofollow">X/Zynweb3</a>

&Ocirc;ng g&#7907;i &yacute; r&#7857;ng &#273;&#7907;t t&#259;ng gi&aacute; v&#7851;n c&ograve;n nguy&ecirc;n v&#7865;n. Tuy nhi&ecirc;n, nh&agrave; ph&acirc;n t&iacute;ch d&#7921; &#273;o&aacute;n Bitcoin s&#7869; d&#7851;n &#273;&#7847;u trong m&#7897;t th&#7901;i gian tr&#432;&#7899;c khi Ethereum t&#259;ng tr&#7903; l&#7841;i, v&#7899;i &#273;&#7907;t t&#259;ng ti&#7871;p theo c&oacute; kh&#7843; n&#259;ng b&#7855;t &#273;&#7847;u v&agrave;o cu&#7889;i th&aacute;ng 10 ho&#7863;c &#273;&#7847;u th&aacute;ng 11.
M&#7897;t nh&agrave; ph&acirc;n t&iacute;ch kh&aacute;c &#273;&atilde; so s&aacute;nh v&#7899;i chu k&#7923; n&#259;m 2021, khi c&aacute;c h&igrave;nh th&agrave;nh ETH/BTC t&#432;&#417;ng t&#7921; <a target="_blank" href="https://vn.beincrypto.com/3-low-cap-altcoins-strong-accumulation/" rel="noreferrer noopener">b&aacute;o hi&#7879;u m&#7897;t m&ugrave;a altcoin</a>.
Tuy nhi&ecirc;n, kh&ocirc;ng ph&#7843;i t&#7845;t c&#7843; c&aacute;c quan &#273;i&#7875;m &#273;&#7873;u l&#7841;c quan. Nh&agrave; ph&acirc;n t&iacute;ch Colin Talks Crypto <a href="https://x.com/ColinTCrypto/status/1968071648743133432" target="_blank" rel="noreferrer noopener nofollow">c&#7843;nh b&aacute;o</a> v&#7873; m&#7897;t m&ocirc; h&igrave;nh &#273;&#7847;u v&agrave; vai &#273;ang h&igrave;nh th&agrave;nh, m&#7897;t thi&#7871;t l&#7853;p th&#432;&#7901;ng &#273;&#432;&#7907;c coi l&agrave; gi&#7843;m gi&aacute;. N&#7871;u &#273;&#432;&#7907;c x&aacute;c nh&#7853;n, &#273;i&#7873;u n&agrave;y c&oacute; th&#7875; ch&#7881; ra &#273;&#7897;ng l&#7921;c suy y&#7871;u v&agrave; kh&#7843; n&#259;ng &#273;&#7843;o chi&#7873;u xu h&#432;&#7899;ng, b&aacute;o hi&#7879;u r&#7857;ng Ethereum c&oacute; th&#7875; m&#7845;t v&#7883; th&#7871; so v&#7899;i Bitcoin trong ng&#7855;n h&#7841;n.
<img style="height:400px;width:640px;" decoding="async" alt="m&ocirc; h&igrave;nh giao d&#7883;ch tr&ecirc;n bi&#7875;u &#273;&#7891; ETH/BTC" class="wp-image-742759 lazy" loading="lazy" src="https://assets.beincrypto.com/img/v_HB0D_Ju66wK8VYUHZHT8lUAv0=/smart/834e0e2c17be4e5b94b8a8aa261c8469">M&ocirc; h&igrave;nh &#272;&#7847;u v&agrave; Vai tr&ecirc;n bi&#7875;u &#273;&#7891; ETH/BTC. Ngu&#7891;n: <a href="https://x.com/ColinTCrypto/status/1968071648743133432" target="_blank" rel="noreferrer noopener nofollow">X/ColinTCrypto</a>

V&igrave; v&#7853;y, t&#7927; l&#7879; ETH/BTC v&#7851;n &#273;ang &#7903; ng&atilde; ba &#273;&#432;&#7901;ng. Trong khi d&ograve;ng ti&#7873;n ETF, s&#7921; ph&aacute;t tri&#7875;n c&#7911;a DeFi v&agrave; thanh kho&#7843;n v&#297; m&ocirc; c&oacute; th&#7875; cung c&#7845;p &#273;&#7897;ng l&#7921;c cho Ethereum th&aacute;ch th&#7913;c s&#7921; th&#7889;ng tr&#7883; c&#7911;a Bitcoin, c&aacute;c m&ocirc; h&igrave;nh bi&#7875;u &#273;&#7891; v&agrave; s&#7921; th&#7853;n tr&#7885;ng c&#7911;a nh&agrave; &#273;&#7847;u t&#432; cho th&#7845;y r&#7911;i ro v&#7851;n c&ograve;n. Hi&#7879;n t&#7841;i, t&#7927; l&#7879; n&agrave;y ph&#7843;n &aacute;nh m&#7897;t th&#7883; tr&#432;&#7901;ng v&#7851;n &#273;ang c&acirc;n nh&#7855;c li&#7879;u t&iacute;nh h&#7919;u d&#7909;ng c&#7911;a Ethereum c&oacute; th&#7875; v&#432;&#7907;t qua vai tr&ograve; neo gi&#7919; gi&aacute; tr&#7883; c&#7911;a Bitcoin trong ng&agrave;nh c&ocirc;ng nghi&#7879;p ti&#7873;n m&atilde; h&oacute;a hay kh&ocirc;ng.

Điều gì cần thiết để Ethereum vượt trội hơn Bitcoin? Chuyên gia phân tích chính của Bitget giải thích

T&#7927; l&#7879; ETH/BTC, m&#7897;t th&#432;&#7899;c &#273;o quan tr&#7885;ng v&#7873; s&#7913;c m&#7841;nh c&#7911;a Ethereum (ETH) so v&#7899;i Bitcoin (BTC), &#273;&atilde; duy tr&igrave; d&#432;&#7899;i m&#7913;c 0.05 trong h&#417;n m&#7897;t n&#259;m, cho th&#7845;y Ethereum &#273;ang g&#7863;p kh&oacute; kh&#259;n trong vi&#7879;c v&#432;&#7907;t qua &#273;&#7891;ng ti&#7873;n &#273;i&#7879;n t&#7917; l&#7899;n nh&#7845;t ngay c&#7843; trong th&#7901;i k&#7923; m&agrave; nhi&#7873;u nh&agrave; ph&acirc;n t&iacute;ch g&#7885;i l&agrave; &lsquo;m&ugrave;a Ethereum&rsquo;.
Theo Ryan Lee, Tr&#432;&#7903;ng ph&ograve;ng Ph&acirc;n t&iacute;ch c&#7911;a Bitget, vai tr&ograve; c&#7911;a Bitcoin nh&#432; l&agrave; &lsquo;t&agrave;i s&#7843;n neo&rsquo; c&#7911;a th&#7883; tr&#432;&#7901;ng gi&#7843;i th&iacute;ch t&#7841;i sao Ethereum v&#7851;n t&#7909;t h&#7853;u. &Ocirc;ng c&#361;ng chia s&#7867; v&#7899;i BeInCrypto v&#7873; nh&#7919;ng &#273;i&#7873;u ki&#7879;n c&#7847;n thi&#7871;t &#273;&#7875; ETH c&oacute; th&#7875; thu h&#7865;p kho&#7843;ng c&aacute;ch.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-why-the-eth-btc-ratio-remains-depressed-after-a-year-nbsp">T&#7841;i sao t&#7927; l&#7879; ETH/BTC v&#7851;n &#7903; m&#7913;c th&#7845;p sau m&#7897;t n&#259;m</h2>

&#272;&aacute;ng ch&uacute; &yacute; l&agrave; t&#7927; l&#7879; ETH/BTC &#273;&oacute;ng vai tr&ograve; nh&#432; m&#7897;t th&#432;&#7899;c &#273;o t&acirc;m l&yacute; c&#7911;a nh&agrave; &#273;&#7847;u t&#432;. Khi t&#7927; l&#7879; n&agrave;y t&#259;ng, &#273;i&#7873;u &#273;&oacute; cho th&#7845;y nh&agrave; &#273;&#7847;u t&#432; &#273;ang &#432;a chu&#7897;ng Ethereum h&#417;n Bitcoin, th&#432;&#7901;ng do nhu c&#7847;u m&#7841;nh m&#7869; t&#7915; c&aacute;c ph&aacute;t tri&#7875;n nh&#432; staking, ho&#7841;t &#273;&#7897;ng DeFi, ho&#7863;c s&#7921; l&#7841;c quan r&#7897;ng r&atilde;i h&#417;n trong <a target="_blank" href="https://beincrypto.com/learn/what-are-altcoins" rel="noreferrer noopener">altcoins</a>.&nbsp;
Ng&#432;&#7907;c l&#7841;i, khi t&#7927; l&#7879; gi&#7843;m, &#273;i&#7873;u &#273;&oacute; cho th&#7845;y Bitcoin &#273;ang v&#432;&#7907;t tr&#7897;i h&#417;n. &#272;i&#7873;u n&agrave;y c&oacute; th&#7875; ph&#7843;n &aacute;nh t&acirc;m l&yacute; tr&aacute;nh r&#7911;i ro, khi nh&agrave; &#273;&#7847;u t&#432; &#432;a th&iacute;ch s&#7921; an to&agrave;n t&#432;&#417;ng &#273;&#7889;i c&#7911;a Bitcoin ho&#7863;c k&#7923; v&#7885;ng l&#7907;i nhu&#7853;n m&#7841;nh m&#7869; h&#417;n t&#7915; n&oacute;.
V&agrave;o th&aacute;ng 04, <a target="_blank" href="https://vn.beincrypto.com/eth-btc-ratio-plummets-to-5-year-low/" rel="noreferrer noopener">BeInCrypto &#273;&atilde; nh&#7845;n m&#7841;nh r&#7857;ng</a> ch&#7881; s&#7889; n&agrave;y &#273;&atilde; gi&#7843;m xu&#7889;ng m&#7913;c th&#7845;p nh&#7845;t trong 5 n&#259;m gi&#7919;a nh&#7919;ng kh&oacute; kh&#259;n v&#7873; gi&aacute; c&#7911;a ETH. Tuy nhi&ecirc;n, sau &#273;&oacute; l&agrave; m&#7897;t s&#7921; ph&#7909;c h&#7891;i &#273;&aacute;ng ch&uacute; &yacute;. T&#7927; l&#7879; th&#7853;m ch&iacute; &#273;&atilde; &#273;&#7841;t m&#7913;c cao 0.043 v&agrave;o ng&agrave;y 24/08, tr&ugrave;ng v&#7899;i <a target="_blank" href="https://vn.beincrypto.com/ethereum-all-time-high-powell-speech-rally/" rel="noreferrer noopener">m&#7913;c cao nh&#7845;t m&#7885;i th&#7901;i &#273;&#7841;i (ATH) c&#7911;a ETH</a>.&nbsp;
Tuy nhi&ecirc;n, m&#7863;c d&ugrave; ETH &#273;&#7841;t k&#7927; l&#7909;c, t&#7927; l&#7879; n&agrave;y v&#7851;n kh&ocirc;ng th&#7875; v&#432;&#7907;t qua ng&#432;&#7905;ng 0.05, m&#7913;c &#273;&atilde; th&#7845;y l&#7847;n cu&#7889;i v&agrave;o th&aacute;ng 08/2024. T&#7841;i th&#7901;i &#273;i&#7875;m vi&#7871;t b&agrave;i, ch&#7881; s&#7889; n&agrave;y &#273;&atilde; gi&#7843;m nh&#7865; xu&#7889;ng c&ograve;n 0.038.
<img style="height:400px;width:640px;"decoding="async" alt="" class="wp-image-742756 lazy" loading="lazy" src="https://assets.beincrypto.com/img/DNSL97PbyQP9hZT9LdYr7hw5v8Y=/smart/173d0e0374254b7688fb84291951357e">T&#7927; l&#7879; ETH/BTC. Ngu&#7891;n: <a href="https://www.tradingview.com/" target="_blank" rel="noreferrer noopener nofollow">TradingView</a>

Nh&#432;ng &#273;i&#7873;u g&igrave; &#273;&#7913;ng sau s&#7921; t&#7909;t h&#7853;u n&agrave;y? Tr&#432;&#7903;ng ph&ograve;ng Ph&acirc;n t&iacute;ch c&#7911;a Bitget, Ryan Lee, nh&#7853;n x&eacute;t r&#7857;ng m&#7863;c d&ugrave; h&#417;n 4 t&#7927; USD &#273;&atilde; &#273;&#7893; v&agrave;o <a target="_blank" href="https://vn.beincrypto.com/ethereum-momentum-signals-shift-to-reserve-asset/" rel="noreferrer noopener">c&aacute;c qu&#7929; ETF Ethereum</a> v&agrave;o th&aacute;ng 08, s&#7921; k&eacute;m hi&#7879;u qu&#7843; t&#432;&#417;ng &#273;&#7889;i c&#7911;a t&agrave;i s&#7843;n n&agrave;y nh&#7845;n m&#7841;nh s&#7913;c h&#7845;p d&#7851;n l&#7899;n h&#417;n c&#7911;a Bitcoin &#273;&#7889;i v&#7899;i c&aacute;c nh&agrave; &#273;&#7847;u t&#432; th&#7853;n tr&#7885;ng trong b&#7889;i c&#7843;nh m&ocirc;i tr&#432;&#7901;ng v&#297; m&ocirc; kh&ocirc;ng ch&#7855;c ch&#7855;n.&nbsp;
&#272;i&#7873;u n&agrave;y c&#7911;ng c&#7889; v&#7883; th&#7871; c&#7911;a Bitcoin nh&#432; l&agrave; &lsquo;t&agrave;i s&#7843;n neo&rsquo; c&#7911;a ng&agrave;nh. Trong khi &#273;&oacute;, ti&#7873;m n&#259;ng d&agrave;i h&#7841;n c&#7911;a Ethereum g&#7855;n li&#7873;n v&#7899;i s&#7921; m&#7903; r&#7897;ng c&#7911;a h&#7879; sinh th&aacute;i DeFi v&agrave; token h&oacute;a c&#7911;a n&oacute;.
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;T&#7927; l&#7879; ETH/BTC duy tr&igrave; d&#432;&#7899;i 0.05 trong h&#417;n m&#7897;t n&#259;m, ngay c&#7843; khi Ethereum &#273;&#7841;t m&#7913;c cao k&#7927; l&#7909;c v&agrave; thu h&uacute;t h&agrave;ng t&#7927; USD t&#7915; d&ograve;ng v&#7889;n ETF, nh&#7845;n m&#7841;nh v&#7883; th&#7871; b&#7873;n v&#7919;ng c&#7911;a Bitcoin nh&#432; l&agrave; kho l&#432;u tr&#7919; gi&aacute; tr&#7883; t&#7889;i th&#432;&#7907;ng c&#7911;a ti&#7873;n &#273;i&#7879;n t&#7917;,&rdquo; Lee n&oacute;i v&#7899;i BeInCrypto.
</blockquote>

Nh&agrave; ph&acirc;n t&iacute;ch gi&#7843;i th&iacute;ch r&#7857;ng c&#417; h&#7897;i c&#7911;a Ethereum &#273;&#7875; thu h&#7865;p kho&#7843;ng c&aacute;ch &#273;&#7883;nh gi&aacute; c&oacute; th&#7875; ph&#7909; thu&#7897;c v&agrave;o d&ograve;ng v&#7889;n ETF h&agrave;ng qu&yacute; v&#432;&#7907;t qu&aacute; 9 t&#7927; USD, vi&#7879;c tri&#7875;n khai su&ocirc;n s&#7867; c&aacute;c n&acirc;ng c&#7845;p m&#7841;ng s&#7855;p t&#7899;i, v&agrave; s&#7921; t&#259;ng tr&#432;&#7903;ng &#273;&aacute;ng k&#7875; trong <a target="_blank" href="https://beincrypto.com/learn/blockchain-tokenization" rel="noreferrer noopener">t&agrave;i s&#7843;n token h&oacute;a</a> v&agrave; kh&#7889;i l&#432;&#7907;ng DeFi.
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;Nh&#7919;ng ch&#7845;t x&uacute;c t&aacute;c nh&#432; v&#7853;y s&#7869; t&#7841;o &#273;i&#7873;u ki&#7879;n cho ETH v&#432;&#7907;t tr&#7897;i h&#417;n BTC, b&#7893; sung cho c&acirc;u chuy&#7879;n l&#432;u tr&#7919; gi&aacute; tr&#7883; c&#7911;a Bitcoin v&#7899;i nhu c&#7847;u d&#7921;a tr&ecirc;n ti&#7879;n &iacute;ch,&rdquo; &ocirc;ng n&oacute;i th&ecirc;m.
</blockquote>

Lee b&#7893; sung r&#7857;ng c&aacute;c &#273;i&#7873;u ki&#7879;n v&#297; m&ocirc; r&#7897;ng l&#7899;n h&#417;n s&#7869; r&#7845;t quan tr&#7885;ng trong vi&#7879;c &#273;&#7883;nh h&igrave;nh tri&#7875;n v&#7885;ng th&#7883; tr&#432;&#7901;ng. H&ocirc;m nay, m&#7897;t <a target="_blank" href="https://vn.beincrypto.com/rate-cut-roulette-0-25-50-bps-bitcoin-altcoins/" rel="noreferrer noopener">&#273;&#7907;t c&#7855;t gi&#7843;m l&atilde;i su&#7845;t 25 &#273;i&#7875;m c&#417; b&#7843;n &#273;&#432;&#7907;c k&#7923; v&#7885;ng cao</a> t&#7915; C&#7909;c D&#7921; tr&#7919; Li&ecirc;n bang s&#7869; gi&#7843;m chi ph&iacute; vay v&agrave; b&#417;m thanh kho&#7843;n, t&#7841;o ra m&ocirc;i tr&#432;&#7901;ng h&#7895; tr&#7907; cho c&aacute;c t&agrave;i s&#7843;n r&#7911;i ro.&nbsp;
Trong k&#7883;ch b&#7843;n &#273;&oacute;, Bitcoin c&oacute; th&#7875; ti&#7871;n t&#7899;i ph&#7841;m vi 150,000&ndash;200,000 USD v&agrave;o cu&#7889;i n&#259;m, trong khi Ethereum c&oacute; th&#7875; t&#259;ng l&ecirc;n 5,800&ndash;8,000 USD, &#273;&#432;&#7907;c th&uacute;c &#273;&#7849;y b&#7903;i d&ograve;ng v&#7889;n ETF v&agrave; s&#7921; m&#7903; r&#7897;ng m&#7841;ng l&#432;&#7899;i li&ecirc;n t&#7909;c.&nbsp;
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;C&ugrave;ng nhau, nh&#7919;ng xu h&#432;&#7899;ng n&agrave;y ph&#7843;n &aacute;nh m&#7897;t th&#7883; tr&#432;&#7901;ng &#273;ang tr&#432;&#7903;ng th&agrave;nh, n&#417;i Bitcoin v&agrave; Ethereum th&uacute;c &#273;&#7849;y s&#7921; ph&aacute;t tri&#7875;n c&#7911;a ng&agrave;nh c&ugrave;ng nhau, v&#7899;i &#273;i&#7873;u ki&#7879;n l&#7841;m ph&aacute;t &#273;&#432;&#7907;c ki&#7875;m so&aacute;t v&agrave; kh&ocirc;ng c&oacute; c&uacute; s&#7889;c &#273;&#7883;a ch&iacute;nh tr&#7883; l&#7899;n n&agrave;o l&agrave;m gi&aacute;n &#273;o&#7841;n t&acirc;m l&yacute;,&rdquo; Lee n&oacute;i v&#7899;i BeInCrypto.
</blockquote>

<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-eth-btc-ratio-at-a-crossroads-altcoin-season-ahead-or-bearish-breakdown-nbsp">T&#7927; l&#7879; ETH/BTC &#273;ang &#7903; ng&atilde; ba &#273;&#432;&#7901;ng: M&ugrave;a altcoin s&#7855;p t&#7899;i hay s&#7921; s&#7909;p &#273;&#7893; gi&#7843;m gi&aacute;?</h2>

Trong khi &#273;&oacute;, m&#7897;t s&#7889; nh&agrave; ph&acirc;n t&iacute;ch d&#7921; &#273;o&aacute;n t&#7927; l&#7879; n&agrave;y s&#7869; t&#259;ng l&ecirc;n s&#7899;m. Trong m&#7897;t b&agrave;i &#273;&#259;ng tr&ecirc;n X (tr&#432;&#7899;c &#273;&acirc;y l&agrave; Twitter), m&#7897;t nh&agrave; ph&acirc;n t&iacute;ch ch&#7881; ra r&#7857;ng sau khi t&#259;ng 150%, t&#7927; l&#7879; ETH/BTC &#273;&atilde; giao d&#7883;ch &#273;i ngang.
<img style="height:400px;width:640px;"decoding="async" alt="D&#7921; b&aacute;o t&#7927; l&#7879; ETH/BTC" class="wp-image-742757 lazy" loading="lazy" src="https://assets.beincrypto.com/img/dQOBF2VuQtTDiH__DVIY_kOcVdQ=/smart/22bb4fd7830a4b38b7b922e2991789da">D&#7921; b&aacute;o t&#7927; l&#7879; ETH/BTC. Ngu&#7891;n: <a href="https://x.com/Zynweb3/status/1967857663754277356" target="_blank" rel="noreferrer noopener nofollow">X/Zynweb3</a>

&Ocirc;ng g&#7907;i &yacute; r&#7857;ng &#273;&#7907;t t&#259;ng gi&aacute; v&#7851;n c&ograve;n nguy&ecirc;n v&#7865;n. Tuy nhi&ecirc;n, nh&agrave; ph&acirc;n t&iacute;ch d&#7921; &#273;o&aacute;n Bitcoin s&#7869; d&#7851;n &#273;&#7847;u trong m&#7897;t th&#7901;i gian tr&#432;&#7899;c khi Ethereum t&#259;ng tr&#7903; l&#7841;i, v&#7899;i &#273;&#7907;t t&#259;ng ti&#7871;p theo c&oacute; kh&#7843; n&#259;ng b&#7855;t &#273;&#7847;u v&agrave;o cu&#7889;i th&aacute;ng 10 ho&#7863;c &#273;&#7847;u th&aacute;ng 11.
M&#7897;t nh&agrave; ph&acirc;n t&iacute;ch kh&aacute;c &#273;&atilde; so s&aacute;nh v&#7899;i chu k&#7923; n&#259;m 2021, khi c&aacute;c h&igrave;nh th&agrave;nh ETH/BTC t&#432;&#417;ng t&#7921; <a target="_blank" href="https://vn.beincrypto.com/3-low-cap-altcoins-strong-accumulation/" rel="noreferrer noopener">b&aacute;o hi&#7879;u m&#7897;t m&ugrave;a altcoin</a>.
Tuy nhi&ecirc;n, kh&ocirc;ng ph&#7843;i t&#7845;t c&#7843; c&aacute;c quan &#273;i&#7875;m &#273;&#7873;u l&#7841;c quan. Nh&agrave; ph&acirc;n t&iacute;ch Colin Talks Crypto <a href="https://x.com/ColinTCrypto/status/1968071648743133432" target="_blank" rel="noreferrer noopener nofollow">c&#7843;nh b&aacute;o</a> v&#7873; m&#7897;t m&ocirc; h&igrave;nh &#273;&#7847;u v&agrave; vai &#273;ang h&igrave;nh th&agrave;nh, m&#7897;t thi&#7871;t l&#7853;p th&#432;&#7901;ng &#273;&#432;&#7907;c coi l&agrave; gi&#7843;m gi&aacute;. N&#7871;u &#273;&#432;&#7907;c x&aacute;c nh&#7853;n, &#273;i&#7873;u n&agrave;y c&oacute; th&#7875; ch&#7881; ra &#273;&#7897;ng l&#7921;c suy y&#7871;u v&agrave; kh&#7843; n&#259;ng &#273;&#7843;o chi&#7873;u xu h&#432;&#7899;ng, b&aacute;o hi&#7879;u r&#7857;ng Ethereum c&oacute; th&#7875; m&#7845;t v&#7883; th&#7871; so v&#7899;i Bitcoin trong ng&#7855;n h&#7841;n.
<img style="height:400px;width:640px;"decoding="async" alt="m&ocirc; h&igrave;nh giao d&#7883;ch tr&ecirc;n bi&#7875;u &#273;&#7891; ETH/BTC" class="wp-image-742759 lazy" loading="lazy" src="https://assets.beincrypto.com/img/v_HB0D_Ju66wK8VYUHZHT8lUAv0=/smart/834e0e2c17be4e5b94b8a8aa261c8469">M&ocirc; h&igrave;nh &#272;&#7847;u v&agrave; Vai tr&ecirc;n bi&#7875;u &#273;&#7891; ETH/BTC. Ngu&#7891;n: <a href="https://x.com/ColinTCrypto/status/1968071648743133432" target="_blank" rel="noreferrer noopener nofollow">X/ColinTCrypto</a>

V&igrave; v&#7853;y, t&#7927; l&#7879; ETH/BTC v&#7851;n &#273;ang &#7903; ng&atilde; ba &#273;&#432;&#7901;ng. Trong khi d&ograve;ng ti&#7873;n ETF, s&#7921; ph&aacute;t tri&#7875;n c&#7911;a DeFi v&agrave; thanh kho&#7843;n v&#297; m&ocirc; c&oacute; th&#7875; cung c&#7845;p &#273;&#7897;ng l&#7921;c cho Ethereum th&aacute;ch th&#7913;c s&#7921; th&#7889;ng tr&#7883; c&#7911;a Bitcoin, c&aacute;c m&ocirc; h&igrave;nh bi&#7875;u &#273;&#7891; v&agrave; s&#7921; th&#7853;n tr&#7885;ng c&#7911;a nh&agrave; &#273;&#7847;u t&#432; cho th&#7845;y r&#7911;i ro v&#7851;n c&ograve;n. Hi&#7879;n t&#7841;i, t&#7927; l&#7879; n&agrave;y ph&#7843;n &aacute;nh m&#7897;t th&#7883; tr&#432;&#7901;ng v&#7851;n &#273;ang c&acirc;n nh&#7855;c li&#7879;u t&iacute;nh h&#7919;u d&#7909;ng c&#7911;a Ethereum c&oacute; th&#7875; v&#432;&#7907;t qua vai tr&ograve; neo gi&#7919; gi&aacute; tr&#7883; c&#7911;a Bitcoin trong ng&agrave;nh c&ocirc;ng nghi&#7879;p ti&#7873;n m&atilde; h&oacute;a hay kh&ocirc;ng.