ETH/BTC - still boring, but that’s the point ETH/BTC is sitting right on a level that has mattered for years, not weeks. That 2018 support zone is doing its job again. What stands out to me: We’re not seeing panic or acceleration lower. Every push down into the zone keeps getting absorbed. Structure is sideways → compressing, not trending. My take: This is not what distribution looks like. It’s what relative value compression looks like. ETH hasn’t “won” yet, but BTC also isn’t running away anymore. Historically, this is the phase where people get bored, rotate back into BTC, and miss the eventual ETH catch-up. If ETH/BTC starts reclaiming the mid-range above here, that’s when sentiment flips fast.(CyrilXBT)