According to CoinMeta, analyst CryptoMichNL states that Ethereum (ETH) is currently in an interesting position. If Ethereum is able to consolidate, the most likely reason is that its price will continue to rise. He outlined two scenarios: The first is a breakout and rise to $68,000 or even $73,000, with an expected correction of 4-5% in the ratio of ETH to BTC, keeping the dollar value relatively stable. The second scenario is a price drop to $60,500-61,000; in this case, he expects these two trading pairs to remain stable and may test levels around 0.03050 or even 0.0320, as Ethereum has performed significantly stronger than Bitcoin recently. Overall, he predicts that Bitcoin will rise, which will lead to liquidity being drawn away due to FOMO, followed by a flow of funds back into these assets.