When looking at ETH/BTC from a Wyckoff perspective, it signifies accumulation events "To the T" on a large time frame(1M).
The downtrend that began in September 2022 appears to be the beginning of the creek and a very large one at that.
Price is currently in the 0:2.272 ratio band plotted by the previous distribution high and low. This ratio is a pretty strong ratio for a reversal, but its still possible that this support structure could collapse.
If this event were to continue to rhyme with the Wyckoff accumulation schematic, price could dip into/below the previous (lower) 0:2.272 support structure from 2019 (where the ST in Phase B was printed) to form a textbook spring.
If that spring were to print below the ST in Phase B support zone, I have a 1:1.13 overshoot ratio that could prove to be potential support.
This TA doesn't guarantee further continuation to the downside; price could very well reverse here at the current support window, but it is something to consider.
Also something to note: RSI has never been this far down in the lower quadrant; currently at 15.27. So this could strengthen the odds of a reversal here in the current ratio band.
-Not Financial Advice-
The downtrend that began in September 2022 appears to be the beginning of the creek and a very large one at that.
Price is currently in the 0:2.272 ratio band plotted by the previous distribution high and low. This ratio is a pretty strong ratio for a reversal, but its still possible that this support structure could collapse.
If this event were to continue to rhyme with the Wyckoff accumulation schematic, price could dip into/below the previous (lower) 0:2.272 support structure from 2019 (where the ST in Phase B was printed) to form a textbook spring.
If that spring were to print below the ST in Phase B support zone, I have a 1:1.13 overshoot ratio that could prove to be potential support.
This TA doesn't guarantee further continuation to the downside; price could very well reverse here at the current support window, but it is something to consider.
Also something to note: RSI has never been this far down in the lower quadrant; currently at 15.27. So this could strengthen the odds of a reversal here in the current ratio band.
-Not Financial Advice-
註釋
There may be a fairly decent wave up in the near future once price tags the 2.414. 註釋
ETH/BTC is showing clues that it is building strength when compared to BTC.D. I have the above candle cluster layered as BTC.D and below as ETH/BTC. As BTC.D continues to make higher highs, ETH/BTC is making a higher low here, right on top of the 2.272 ratio. If this can hold until BTC.D tops, then it may be showtime for ETH and alts when BTC.D drops. 
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