NómadaCripto
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$ETH on the radar: Recent analysis and its impact on the crypto market
In recent hours, Ethereum ($ETH) has once again captured the attention of traders and investors worldwide. While its price struggles to consolidate around $1,800, we observe relevant movements in market indicators: BTC Dominance (BTCDOM) and TOTAL3 (market capitalization of all altcoins excluding Bitcoin and Ethereum).
Currently, BTCDOM shows a slight increase, which means that Bitcoin is gaining more strength than the rest of the market. Historically, when BTCDOM rises, many altcoins tend to lose value against BTC, including ETH. However, TOTAL3 also shows signs of resistance, indicating that there is still capital flow within the altcoins, albeit selectively.
What does this mean for trading on Binance?
For those trading on spot, it could be a moment of caution: buying ETH now entails risk if BTC dominance continues to increase.
For those trading futures, opportunities in short positions (downward) could be more profitable, always applying risk management strategies.
And for those engaged in copy trading, following experienced traders who know how to read these dominance changes can make a significant difference in results.
Emotionally, we are in a market moment where patience, strategic analysis, and emotional control will be the key differentiators between winning or losing.
Like if this information helps you, comment on your analysis about ETH, share this news with your community, and leave a tip if you value the content. Your support is vital for us to continue growing together!
And remember: follow me to receive real information, signals, and trading strategies that help you improve every day.
In recent hours, Ethereum ($ETH) has once again captured the attention of traders and investors worldwide. While its price struggles to consolidate around $1,800, we observe relevant movements in market indicators: BTC Dominance (BTCDOM) and TOTAL3 (market capitalization of all altcoins excluding Bitcoin and Ethereum).
Currently, BTCDOM shows a slight increase, which means that Bitcoin is gaining more strength than the rest of the market. Historically, when BTCDOM rises, many altcoins tend to lose value against BTC, including ETH. However, TOTAL3 also shows signs of resistance, indicating that there is still capital flow within the altcoins, albeit selectively.
What does this mean for trading on Binance?
For those trading on spot, it could be a moment of caution: buying ETH now entails risk if BTC dominance continues to increase.
For those trading futures, opportunities in short positions (downward) could be more profitable, always applying risk management strategies.
And for those engaged in copy trading, following experienced traders who know how to read these dominance changes can make a significant difference in results.
Emotionally, we are in a market moment where patience, strategic analysis, and emotional control will be the key differentiators between winning or losing.
Like if this information helps you, comment on your analysis about ETH, share this news with your community, and leave a tip if you value the content. Your support is vital for us to continue growing together!
And remember: follow me to receive real information, signals, and trading strategies that help you improve every day.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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