Time for Ethereum to Dominate?BTC Dominance is nearing a critical level, while ETH dominance has been rising. I believe it has been held back presently because of accumulation. If BTC dominance loses 59-60%, ETH dominance will rise and break up and out of this ascending broadening wedge and confirm an inverted head and shoulders pattern, and reach our target on the chart.
Here is BTC Dominance for comparison:
ETH.D trade ideas
ETH.D 1day ://eth dominance chartETH was at its most dominate around middle to end of last month. Since that time we have watched as OPTIMISM.io try to launch via UNI SNX and a few otheres. ZKS swap firgured out how to run ZKrollups and really jump started this. LOOPring and the rest r not far behind _ IE LAYER 2 is a reality. HOW WILL THIS CHANGE THINGS Binance has grabbed a huge protion of eth market share as well as other side chains _ blockchains etc like avalanch AVAX ALGO N ADA VET DOT r here to stay but always seem to revert to working with eth in some way. FOR US WE ARE ETH ALL THE WAY BUT STILL HEDGE BETS>
me personally, not a big bnb chain fan but do respect it. heavier on zks etc but that is just r opinion.
anywaz mthis is a pure ramble post _ more wanted to get people looking a bit out of the box and that starts with dex charts and learning to view the market from as many diff perspectives as possible
_HGM
Ethereum Dominance (Overview): It's strenghten!!!It's the first time that I analyze the Ethereum dominance. But I consider that this indicator it's hide information very important that people don't know as data analytics. I'm enfocous more in weekly timeframe and we see that Ethereum Dominance it's bullish. That mean that the Ethereum trend it's bullish in the price. For that, as Ethereum strenghten, we can to see in the next months a grow up of the Bitcoin ratio too. For that, the importance to know this hide information it's very relevant to understand what Ethereum do and maybe others crytpocurrency.
Now, the dominance historic was around of 30%, the Ethereum dominance it's around of 12.40%, and it's grow up!!! And that it's my prediction for the Ethereum dominance throughout of the time.
Guys, if you find up that this idea it's sound interesting, you can to share this analysis with others crytpocurrency traders to have a perspective in Ethereum!!!
Large Cap Coins Excluding BTC Dominance Index. (Top 9 Alts)Since there isn't an index that specifically breaks out the top nine alt coins in regards to dominance I made this one up. TOTAL2 and OTHERS both look at large cap alts while excluding BTC but OTHERS excludes large cap alts and neither specifically looks at the top 10 excluding BTC. I chose baseline plot as candles had too much noise. I'll update this idea with weekly and monthly charts...
Sharing My S&R Of My ETH Dominance & ETH Market Cap ChartsHere Are My ETH Dominance & ETH Market Cap Charts
I have drawn the most important Supports & Resistances and they are pretty accurate.
Thought that someone will find useful or want to compares his/hers supports and resistances with someone else's.
Thank you for reading my post, have a great day, wish you all the best !
Information provided is only educational and should not be used to take action in the market.
Feel free to ask anything on the comments :)
Ethereum's revenge - comeback of ETH market dominanceETH's market cap dominance is sharply dropping due to the recent bearish price action.
However, the chart is showing a classic Livermore's pattern of a rising megaphone.
It is very close to the bottom line to the structure, and is expected to bounce up.
Can ETH reach its previous high of 20% market cap of the cryptos? Leave your comment.
Thank you!
Are Alts about to get a boost?We have few scenarios here, BTC is currently trading below its Support level as per Volume Profile, and same goes for ETH. BTC.D is also about to fall, indicating slight rise in either Dollar Index or OTHERS.D.
If the charts are right, and everything is following its Fibonacci range, we at ChainAssets.Capital are expecting BTC to fall even more and see a new Movement in Alts.
I wouldn't be too sure about major ALTS as they have already had their Fun, though it is highly possible that some of the major alts might be the reason for this further Push, I'd rather have my focus fixed on Shit Coins (Value less that $5).
For now, Looks like re entry in Alts is a favorable condition and we at chainassets.capital would recommend that you do not think much about investing in BTC and be prepared with Shorts on BTC.
NOTE: If BTC takes support from its current level, it will certainly be a good news for BTC holders and later comers, as we will again see some major movement in BTC and ETH.
If you have some positions in Market at Recent Highs, First suggestion would be of averaging out positions as much as possible. Secondly, if averaging out is not possible, then plan on holding your investments for a longer duration of time.
we at chainassets.capital wish you happy trading with this little insight. Feel free to comment your suggestions down below, and let's see if we can come on to a conclusion over market as a community!
Cheers!!!!
Ethereum Dominance at a recent all time highShort term can Ether go any higher?
I dont think so, with the current uptrend of bitcoin and DeFi in general, along with rising smart contract blockchain like Polkadot and Cardano, we will likey never see a 20% ETH dominance.
Its likely that Ether will lose dominance in the coming days.