What many people have not realized is that the $ETH / $BTC chart has been very low and consistently declining throughout the end of 2023 up to now. Even though we will see two altcoin rallies in 2024, why is that? Because ETH is no longer the focal point for altcoin investments; that role has shifted to SOL.

This shift has resulted in technology-related altcoins underperforming during both bullish waves in 2024. The game has changed. For technology altcoins in general and $ETH in particular to stage a comeback, this chart needs to reverse its trend. The sideways movement hasn’t even begun yet, and historically, we may need to consider a timeframe of about 3 to 6 months.

0.033 is the threshold this chart needs to surpass in order to bring ETH back. The second-ranked market is being accumulated and hyped by many large funds, major KOLs, and even the presidential household. When $ETH is unleashed, the altseason will make a comeback.