A noteworthy thing is, ETH/BTC behaves very different to the last bear market
in last bear market ETH went down from .1 BTC to .02 BTC roughly
nothing anywhere near happened this time and I don't think it still will, because
a) for investors ETH is digital silver meanwhile, not just a utility coin
b) ETH after the merge will no longer carry the burden of the hardware grabbing and "energy-wasting" crypto that BTC does
so, I meanwhile think that the flippening will happen, the merge changes the narrative, not the utility
but the narrative might just be stronger.