The ETH/BTC Ratio has just broken through a 3 year trend and broken down from the Weekly 100MA. This was a major decision point. This will have a negative effect on all altcoins most likely.
Could this mean a bull run for Bitcoin as people transfer their wealth into a more stable coin? If Bitcoin stays above 6000 that may be the case. On the other hand, if bitcoin plunges below 6000 we will see a continuation of the bear market for all cryptos.