🩸 $ETH vs $BTC ratio hit 0.0283 — lowest in 10 months, below the 200-week MA.
ETH at $1,779 (-5.3%), BTC at $63.8K.
YTD gap: ETH -32% vs BTC -11%.
Triple headwind: ETF outflows, L1 competition, dead narrative.
Key level: $0.028 — lose this and 0.025 opens.
🐂 BOTTOM FISHING — macro floor, always bounced before
🐻 CATCHING KNIFE — structural decline, lower highs since 2021
👇 ETH at $1,779 — bottom or breakdown?