Historically ETH has either lead or followed BTC. I've seen times when, as BTC becomes too expensive ETH taking the lead. As excitement about BTC heats up, traders could switch to the cheaper ETH. If that happens ETH could then push the ETH/BTC ratio well north, in an unexpected way.
Looking on a higher time frame of the 1D I see more probability for the north, and 0.02800 being unlikely - but I'm usually wrong more times than not.