ETH Now trading at levels not seen since late 2020 relative to BTC. This has been one brutal downtrend and I think it's going to be unlikely to see this anywhere near its highs anytime soon. Yet, even a "small" bounce to one of these previous levels from 2-3 months ago could already yield an interesting move. It's something I'm definitely on the look out for as it would propel alts quite a bit higher. For now I'd recommend just watching closely to see if there's a local trend reversal first on lower timeframes and if that can stick for more than a day or two. Confirmation is key. Relevant levels on the chart.