According to Michaël van de Poppe, the ETH vs. BTC pairing is currently overextended to the downside, suggesting a potential bullish divergence if the trend reverses from April 2nd. This indicates a possible trading opportunity, although the situation is described as fragile. It is important for traders to monitor this potential reversal for strategic entry points.

According to KookCapitalLLC, the qualitative aspects of the crypto market appear overextended, with most participants showing signs of fatigue. The longer this state persists, the more challenging it becomes to secure profitable trades. KookCapitalLLC advises shifting portfolios into defensive mode and avoiding trading until market excitement returns.