ETH is currently at $1663, with a 24h pullback of 1.1%. BTC/ETH exchange rate is 0.0259, and ETH's market cap dominance is at 0%.

At this exchange rate, ETH is relatively undervalued against BTC, leaving room for a catch-up rally.

Trading strategy: Buy near ETH $1638, set a stop loss at $1605, and target $1721 / $1763. If it breaks down with volume below $1613, let's hold off and not rush into a position.

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