From these visualisations, I found that for both BTC and ETH, in the beginning of each “Mining Booms”, the market price and network hashrate will increase or decrease together in similar time periods. However, in about 50% to 60% of the time period, the lines start to split, network hashrate will continue to increase will market price will start to decrease.
The hashrate/price graphs show a shockingly consistency between ETH and BTC’s hashrate/price value(scaled) in 2017 and 2021 “Mining Booms” the values basically increase or decrease in the same time.