Crypto at a Turning Point: Bitcoin Dominance vs. a Bullish Ethereum Setup

The crypto market is at a turning point, with BTC Dominance and Ethereum showing opposing signals Bitcoin Dominance is testing its 50-week moving average, a key level for the altcoin market Ethereum has flashed a bullish “golden cross” signal not seen since before the 2020 bull run The crypto market is currently at a turning point, with Ethereum eyeing a breakout and Bitcoin dominance sitting on a key support level. Bitcoin Dominance: The Deciding Factor for Altcoins Bitcoin dominance is currently sitting at the 50-week moving average, a level that has historically acted as a major support zone. (see chart) . This same setup occurred in November 2024. At that time, Bitcoin dominance bounced off this moving average, putting a halt to hopes for an altcoin season and triggering a sharp increase in BTC’s market share. Context Check: Bitcoin’s current stalemate is part of a “calm bull run.” Get our full analysis on its historically low volatility Source: TradingView Chart A sustained break below the 50-week average (near 60%) could open the door for altcoins to outperform. On the other hand, a bounce from this level may once again shift momentum … The post Crypto at a Turning Point: Bitcoin Dominance vs. a Bullish Ethereum Setup appeared first on Coin Edition .

Source: Coin Edition