$ETH After observing dom, it has risen to 63.18% according to CoinMarketCap. And the altcoin, especially ETH, has decreased by 68%-69% from its peak.

The long-term goal is for dom to rise to 69-70% as it historically did in 2017-2018. Altcoins could lose an additional 30%-44% at the current price if history repeats itself after a slight recovery.

The likelihood of this happening is nearly 50% as the monthly frame for ETH's signal line has been far from the MACD, which has been declining for a long time. It's possible that in 1-2 months, BTC dom will reach a previous peak of 70%.

Because the weekly frame is currently oversold, the chance of a short-term recovery is about 40% in the short term.

With the economic situation being quite challenging, altcoins may not be able to recover. However, some may perform during this recovery wave. For example, SOL is currently showing decent weekly support.