🔥 $BTC share of the total $4 trillion crypto market cap has declined to 61%, its lowest since March, as altcoins gain traction. Ethereum, in particular, has risen 21% in a week, while BTC saw only a 0.6% increase.
This shift has sparked discussions about a potential altcoin season, with investors moving funds from Bitcoin to other assets. Ethereum's price faces a key resistance zone between $3,600 and $3,900, a level it has struggled to break for three years. If buying pressure persists, $ETH could surpass this barrier, potentially targeting $4,800 and reclaiming its all-time high.
The RSI for Ethereum remains below overbought levels, suggesting room for further growth. While Bitcoin's dominance weakens, Ethereum recent performance indicates growing altcoin demand.
