According to @MilkRoadDaily, ETH USD targets are derived from ETH/BTC ratio scenarios anchored to BTC at USD 120,000–150,000, providing a relative-strength framework for positioning, source: @MilkRoadDaily. If BTC is 120,000 and ETH/BTC returns to its 2021 cycle high (~0.0817), ETH implies ~9,800, source: @MilkRoadDaily. If BTC is 120,000 and ETH/BTC retests its 2017 cycle high (~0.1193), ETH implies ~14,310, source: @MilkRoadDaily. If BTC tops 150,000 and ETH/BTC reaches the 2021 high (~0.0816), ETH implies ~12,237, source: @MilkRoadDaily. Using the same 2017-high ratio (~0.1193) at BTC 150,000 implies ETH ~17,888; this figure is a direct calculation from the author’s stated ratios and BTC levels, source: @MilkRoadDaily. The author emphasizes the ETH/BTC pair as the key variable for ETH’s end-of-cycle valuation in this framework, source: @MilkRoadDaily.