#ETHRally

📊 Bitcoin dominance is nearing a test of historical support! 🔥

Bitcoin's market dominance continues to decline, breaking the 60.2% support level, and is currently trading around 59.3%. 👀

The indicator is approaching the 200-day moving average (at 58.6%), which is an important historical support, and we may witness a strong technical rebound from this area if buying liquidity enters. 💪

If the rebound occurs, dominance may return to test the areas of 60.2% – 62.2% before determining the next direction. However, breaking the 200-day moving average could open the way towards 57.1%, enhancing the chances of an altcoin season. 🚀