According to Miles Deutscher, Ethereum (ETH) is currently positioned as a strong 'catch up trade' to Bitcoin (BTC). He highlights that ETH rallied from $2,400 to $3,800 when BTC moved from $110,000 to $120,000. Deutscher suggests that as BTC continues to climb, the magnitude of ETH's price reaction could become even more pronounced, potentially triggering an explosive move in altcoins. This dynamic presents trading opportunities for those seeking to capitalize on ETH and altcoin volatility driven by BTC's momentum (source: Miles Deutscher).