ETHEREUM Surge To Trigger Altcoin BOOM! (Bitcoin Dominance Crumbles)
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In this video, I discuss the remarkable breakout of Ethereum, currently priced around $3,100, and its implications for Bitcoin, Bitcoin dominance, and altcoins as we enter a new cycle in the crypto space. I emphasize the uniqueness of this cycle compared to previous ones, backed by technical analysis of Ethereum’s weekly and monthly charts, including a significant observation of the Relative Strength Index (RSI) being at its highest since November 2020—a pivotal moment that marked the beginning of a bull market. This video explores Ethereum’s leadership role in this cycle, its effect on Bitcoin dominance, and the potential for altcoins to experience substantial moves. Additionally, I cover the concept of ‘bull market doors’ and how breaking through these levels historically signals powerful moves in the crypto market. The video also touches upon the importance of market cap in predicting the potential for gains among different cryptocurrencies, with Ethereum serving as a prime example of strength and dominance in the current market landscape.
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Intro 00:00
Ethereum monthly chart exploding 00:40
ETH/BTC tells the story 2:10
Bitcoin dominance continues to fall 3:30
ETH monthly doing something special 4:50
ETH weekly momentum 6:05
Ethereum targets and potential dip 7:40
Google trends on Ethereum 10:50
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*The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.
Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price price moves very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out.
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