ETH dominance !!!

ETHUSD.P

ETH.D

The ETH dominance graph is plotted on the left screen, it has an inverse correlation with the BTC dominance graph.

The important thing for us is that, against the BTC, both the dominance graph and the ETH graph are stronger.

Could this indicate a stronger move for Altcoins? This question is not so simple, but in part we can see that many of the assets achieved a good appreciation along with the rise in the BTC.

When the BTC moved laterally between the 50k and 55k zone, the dominance of the ETH rose and boosted the rise of Altcoins in turn.

Many Altcoins moved in an even irrational way, as was the case with meme-type coins: DOGE, SHIBA, among others...

I believe that these market corrections are to get people who believe in the facilities.

Those who arrive at the end of the party usually foot the bill.

In this study we can see a possible target for ETH dominance. If this high pivot comes to be drawn, it is likely a new high of Altcoins!

I hope you can contribute to the reading of friends and if you have any suggestions below, we are here to learn always. I am not the owner of the truth, this is just an analysis based on my rationale.

This is not an investment recommendation, the intention is for you to understand the rationale of a market operator.