Yesterday, after producing few spikes below the 3/1 , ETH/BTC rejected rejected it, by failing to close below. Nevertheless, price hasn't touched the 50% Fibonacci support which could mean that ETH could start consolidating and eventually hitting the support.
Now ETH/BTC seem to be stuck between the uptrend , which is acting as the resistance, and 50% Fibs. In order to establish a trend, break above or below will be required and only then Ethereum will be ready to move.
At this stage it could be better to wait out the consolidation phase and see how price will react to the Fib , and only then take action accordingly.