ETH dominance remains strong during btc bounce
Updated
Its interesting to observe that the eth dominance has been stable around 20% for so long and now going up together with the btc dominance.
The lows on the weekly chart are showing an attempt of a parabolic advance. I think a major move is imminent for eth and it's likely to the upside.
The eth and btc dominance going up together could mean that this is no a rotation from altcoins into btc but more likely sideline money reentering the crypto market and mainly going into btc and eth.
The lows on the weekly chart are showing an attempt of a parabolic advance. I think a major move is imminent for eth and it's likely to the upside.
The eth and btc dominance going up together could mean that this is no a rotation from altcoins into btc but more likely sideline money reentering the crypto market and mainly going into btc and eth.
Note
current weekly candle suggesting the swing low is in for ethbtc Note
unfortunately weekly close was not strong enough to give a clear signal
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