Ethereum Chip Exchange Indicator is currently at 0.7863, and it has not yet turned downwards or broken below the average indicator value. From the on-chain structure, it does look relatively better than BTC.

This may be due to the bottom on April 9, where the indicator directly dropped to a deep bear level of 0.081, below 0.1, indicating that the on-chain chips were cleaned out very well.

Here, I share the Ethereum indicators for reference only. The reason I share Ethereum indicators infrequently is that the altcoin's indicator cycle must follow the BTC indicator cycle.

Here, I dare not gamble on the rise of ETH while viewing the overall BTC as a top. However, if looking for a short-term rebound, ETH could be a good choice, suitable for quick in-and-out trades.

$BTC $ETH