ETH/BTC broke through the small resistance level on the weekly chart,

and should now outperform BTC until late August or early September, when it will encounter a larger resistance level.
Whether it can go higher and further in the future depends on whether it can break through the major resistance level that has lasted for four years.
But at least in the short term, it will outperform BTC. Based on the numbers in the chart, I've already calculated for you:
If BTC stays around 60k, ETH will reach 2150 by the end of August;
If BTC goes to 52k, ETH will reach 1820 by the end of August;
If BTC goes to 48k, ETH will reach 1680 by the end of August.
In plain English:
- Referencing the tail end of the 2022 bear market, ETH significantly outperformed BTC during the rebound before the FTX crash.
And when BTC experienced its final drop, ETH did not break below its previous low.
- If we apply the same pattern this year, ETH's rebound starting now will significantly outperform BTC.
If BTC does experience the widely anticipated final drop this year, ETH will not break below its previous low (1500).