The ETH/BTC chart tells a clear story — 0.038 is a level that held twice in 2025 and is being tested again now. I wrote about this yesterday from an on-chain angle (exchange inflows hit 95k ETH/week, highest since FTX). What I couldn't pin down is whether the L2 value-capture problem is already priced in at these levels or if there's another leg down when restaking unlocks add sell pressure. Do you see any divergence signals on the lower timeframes that suggest this breakdown is different from the May 2025 one?