Ethereum is currently engaged in a long-term weekly channel. If it manages to break this channel in this timeframe and achieve a successful close, it could display significant price growth during a pullback to the static resistance it has.
On the other hand, Bitcoin's dominance, which has broken its long-term channel and trendline and is currently in a pullback to it, could drive funds toward altcoins during a decline.
Note: Bitcoin dominance refers to Bitcoin's control over the market. The lower its dominance, the better other coins can grow.
On the other hand, Bitcoin's dominance, which has broken its long-term channel and trendline and is currently in a pullback to it, could drive funds toward altcoins during a decline.
Note: Bitcoin dominance refers to Bitcoin's control over the market. The lower its dominance, the better other coins can grow.
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