If Bitcoin subsequently drops to around 70,000, then Ethereum will drop to around 1,900. Ethereum is too weak, and several of the big whales who are heavily long on Ethereum have been liquidated. The remaining heavily long ETH whales are in a precarious position, and the subsequent speed of margin addition may not keep up with the rate of decline.
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If Bitcoin subsequently drops to around 70,000, then Ethereum will drop to around 1,900. Ethereum is too weak, and several of the big whales who are heavily long on Ethereum have been liquidated. The remaining heavily long ETH whales are in a precarious position, and the subsequent speed of margin addition may not keep up with the rate of decline.