$ETH/$BTC is sitting at a historically important reaction zone where previous shifts in relative strength have occurred.
Momentum indicators on the pair, including MACD, are showing early signs of stabilization after a prolonged period of ETH underperformance versus BTC.
In past cycles, similar setups around this zone have often preceded periods of rotation between the two assets, but confirmation has always depended on follow-through rather than the initial signal itself.
At this stage, the structure is still developing. The key focus remains on whether momentum continues to build or fades back into the existing trend.