The entire market meta would go insane and see a lot of capital rotations if $ETH were to put in a decent candle against $BTC.

ETH & ETH coins are pretty under-owned and shorts have gotten a free ride on these coins for a long time.

Think a relatively tiny move could spark a big squeeze on these things.

Think it's a matter of time until this happens eventually anyways. Think start of 2023 kinda runs on some.

If you want to be conservative, It's probably fine to wait for these things to properly turn their down trends around and you'd still be capturing a decent move.

Can be opportunity cost until then as ETH (and ETH coins) have been for many this cycle.

ETH/BTC is the leading factor.