ETH/BTC pair forms a typical Accumulation schematic, following Wyckoff method.
In my analysis, it seems that ETH/BTC has likely reached its lowest point as the Spring event in phase C nears completion, paving the way for phase D and a potential acceleration to the upside. The primary obstacle seems to be the local trendline, but this shouldn't pose a significant challenge.
From a long-term perspective, I believe investing in ETH holds greater profit potential compared to BTC. However, this doesn't imply that an all-in approach on ETH is advisable. Diversification remains crucial in any investment strategy.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.