BTC is consolidating between $81,400 and $84,800 after last week's impulse move. The 4H EMA stack is still bullish — price is holding above the 50 EMA cleanly. Volume on the recent pullbacks has been low, which is a positive sign.
The key level to watch is $84,800. A clean break and close above that opens the door to $88,500. On the downside, $81,000 is the last major support.
ETH is clearly underperforming BTC this cycle so far. The daily structure is still bearish — lower highs, lower lows since the February peak. Key level to flip the bias is $2,180.
Until we get a daily close above $2,180 we're not touching ETH with a long. Keep watching the ETH/BTC pair.