Bitcoin Dominance Dips, Ethereum Surge and Rate Cuts Fuel Bullish Setup
The altcoin market is pressing against the $1.77T resistance, a level that capped
gains in late 2021. Analysts say a clean breakout could trigger a parabolic run
toward $7.66T, echoing the explosive 2020–2021 cycle.
Since mid-2023, altcoin cap has held firm above $850B support, building momentum for this test. Bitcoin dominance has slipped to 60.4%, a zone that often
precedes broad altcoin rallies. Ethereum’s jump above $4K, coupled with
strong ETF inflows, is adding fuel to the sector’s momentum.
Macro factors are aligning too: the ECB’s rate cut and potential U.S. Fed easing are
boosting risk appetite across markets. Analysts warn that a monthly close
above $1.77T could be the trigger for rapid sector-wide growth—making this
a crucial make-or-break moment for altcoins.
