๐ Analysts Highlight the Coming Altcoin Season! ๐
Top crypto analyst Mikybull Crypto recently noted that Bitcoin dominance has fallen below its two-year support line, dropping to 56.1%. This could signal the beginning of an official altcoin season! ๐
A decline in BTC dominance suggests that investors are taking profits from Bitcoin and reallocating into altcoins. Leading the charge is Ethereum (ETH), a key player in this rally.
Spot ETH ETFs in the U.S. recorded a $332.9 million net inflow recently, reflecting strong institutional demand. This helped ETH surge to $3,700, with analysts predicting it could surpass $4,000 by January 20th. ๐
This post is not financial advice.