>>150034392
>Ultima perceiving every single instance of itself as a "dream within a dream" would already put it at above Marvel's entire cosmology.
Again, they only said in the episode that Ultima views the lower realities as fiction, which is something Hulk himself could already do with his Gutterspace feat, and both of them were seemingly scaled to around just ~Eternity level at absolute generous best. Still far below (heh) the Below Place itself in terms of their actual reach.
If you step outside of the bounds of the episode the "dreams beyond dreams" line still wouldn't put Ultima above something like the Astral Plane (of which beings in it literally see Marvel as narrative) or Eternity/the Nexus of all Realities (which is also described in the same dream within dreams language). So he still would not be able to reach the Below Place at maximum wank.