To see whether $ETH has arrived, we need to look at ETHBTC (Figure 1) and the market capitalization ratio of $BTC (Figure 2).

ETHBTC has responded to the key long-term trend line resonance pressure point; although it hasn't turned immediately, we need to be wary of strong pressure.

The market capitalization ratio of BTC has reached the lower boundary of a critical channel, and a rebound means that other cryptocurrencies will lose value.

So at this node, this position, these auxiliary indicators really indicate a short-term risk warning.