If BTC trades sideways around $50k, a 25% outperformance by ETH would result in an ETH price just over $3,000, potentially exceeding the $4,000 target set by options markets.
"assuming BTC does start to trade sideways around 50k then a 25% outperformance by eth would translate to an eth price of just over 3K below the 4K Target that the options markets have currently set"