ETHBTC Altcoin indicator recovery due for alts?

ETHBTC is used against Bitcoin, meaning, when Bitcoin is bullish ETHBTC will be bearish and when ETHBTC looks bullish Bitcoin will be looking weak.
Ever since 2016-2017 crypto investors have been using this tool as an early indicator to get in alts and to find "alt seasons".

You can also use this as an indicator along with Bitcoin to find when alts are going to be bloody all along. Whenever this indicator is looking bearish you know alts are going to be bearish together.

If you did not this before, let me narrow down the importance of using ETHBTC as an indicator to find ALT pumps or ALT szns:

-Ethereum Dominance: Ethereum is the second-largest cryptocurrency by market capitalization after Bitcoin. It has a significant influence on the overall cryptocurrency market, and many altcoins are built on the Ethereum blockchain. As such, ETHBTC can be a good indicator of the health and performance of altcoins.
-Historical Performance: The historical performance of ETHBTC during previous altcoin seasons has shown a correlation between the price of ETH and the price of altcoins. When ETHBTC is rising, it may indicate that altcoins are also likely to rise in price.
-Trading Pair: ETHBTC is a commonly used trading pair on many cryptocurrency exchanges, which makes it easy to track and trade. Investors can use ETHBTC to monitor the performance of altcoins and make trading decisions accordingly.
-Technical Analysis: Technical analysis can be used to identify trends and patterns in the price movements of cryptocurrencies. By analyzing the charts of ETHBTC, investors can identify potential buying or selling opportunities for altcoins during alt seasons.
-Diversification: Investing in altcoins can provide diversification in a cryptocurrency portfolio. By using ETHBTC as an indicator, investors can identify potential opportunities to diversify their portfolio and potentially increase their returns.
-Market Sentiment: The market sentiment towards Ethereum and Bitcoin can impact the performance of altcoins. If investors are bullish on Ethereum, it may indicate a positive sentiment towards altcoins as well.