@metaverse-
ETH/BTC downside target has been achieved and now ideally we can get some relief.
Wouldn't be long $ETH but would like $BTC to go to 61-62k in which case ETH should rally much more (ideally) driving ETH/BTC higher which could provide a great short play which I would take if all looks good.
After that, all down, ETH/BTC returns to range lows (higher lows), ETH drops to new lows below $2100 and then we bounce back sharply across the board which is the sharp rise in ETH/BTC you see below.
Finally, ETH/BTC drops sharply to new significant lows, ideally because $BTC has broken out at this point and finally impulsively/trending again.