During this time, we are seeing the BTC and ETH pairs supporting each other to rise. But mainly, it is about pushing ETH up.
Pushing ETH to exceed the liquidation level. Ignoring the corrections.
Currently, I still think ETH has more room to go up because I believe this task will be supported again by BTC when the dominance closes this week, which will definitely close with a red candle.
However, in the short term, dominance is recovering. This means that it is sucking the blood out of altcoins to rise. But I don't think it will rise much. At most, it will quickly hit the liquidation level and then continue to close to push ETH again.
Therefore, at this moment, those who are shorting ETH will have a tough time. If you are trading short-term, you should take profits.
It will push quickly and swap to push ETH back up again.
Please set the stop-loss close to the entry point and do not hold if you are trading at this current time.