Now holding bitcoin is good, but having ethereum is also good going forward. I think maybe you can buy ethereum in half and leave the other half for bitcoin.
I think it's better if he must wait for the signal that will appear in the market before try to convert back his bitcoin into the ethereum. there are so many big news that can be used to bet on ethereum but the problem is he must not take the wrong position to be able get the profit from the bullish trend.
The drawback of this method is, when the signal appears, the ethereum price may pump and be late to buyback. maybe he can buyback, but the amount will not be more than 32 ethereum. Think about it now, however, the current situation is still difficult to predict.
I think OP has another extra funds to buy 32 ETH if in case his BTC is not enough to buy 32 ETH.
The only important here is if we believe that ETH will pump, once the ETH 2.0 will be launch, we can always consider buying ETH at any moment now since the price is still cheap, if you have that instinct just go for it as sometimes it could hunt you when it will lead to a big regret of not buying.
It's all about instinct because in reality the market is very unpredictable.
I guess what I’m saying, Eth is at $212 right now...do you think we will see another dip below $200? Just curious thoughts.
As the schedule is approaching, I would not expect for ETH to drop below $200, but I could be wrong, it's really up to the OP and he should based on his personal analysis and not from random people.