Is #Altseason Here? Ethereum's $4,200 Breakout and Bitcoin Dominance at Critical Support Signal a Potential Shift

#Ethereum Smashes $4,200 as Bitcoin Dominance Falls — Altseason Signals Strengthen

Ethereum has surged past the $4,200 mark, igniting speculation that a new all-time high (#ATH ) could be just around the corner. The breakout comes amid a broad altcoin market rally and a noticeable decline in Bitcoin’s market dominance, a key signal that historically precedes altseason.

#Bitcoin #Dominance Hits Key Support — A Potential Shift to Altcoins

Bitcoin’s dominance — which measures BTC’s share of the total cryptocurrency market cap — is currently hovering between 60.5% and 61%. This range is considered critical support, and analysts say a sustained break below it could open the door for altcoins to outperform Bitcoin in the short term.

On the three-day chart, a decisive close beneath this level would strengthen the case for altseason. Historically, these phases have seen Ethereum benefit the most, often leading broader altcoin rallies.

Ethereum Converts Resistance to Support

ETH’s latest rally has pushed it above the $3,900–$4,100 resistance zone, a range that has now flipped into potential support. If Ethereum can hold this level and confirm it as a strong base, analysts believe it would have the technical foundation to challenge its previous ATH near $4,900.

Given the current momentum, some traders suggest Ethereum could reach this milestone in days, not weeks.

Short-Term Caution: RSI Signals Possible Pullback