If BTC dominance drops to 40%, can ETH price break $9,000?
Nod your head to live and watch the live broadcast to catch the bull market!
Bitcoin’s market dominance (BTC.D) has recently shown signs of a possible turn, signaling a potential surge for altcoins, especially Ethereum (ETH). History shows that when BTC.D drops, altcoins, especially Ethereum, typically experience sharp price increases.
For example, in 2017, Bitcoin’s dominance dropped rapidly from 63%, while at the same time, Ethereum increased by 3.5 to 4 times. The 2020/2021 cycle was even more dramatic, with BTC.D falling 46% while Ethereum’s price surged nearly 12 times.
Currently, BTC.D is around 61.5%, and if it falls further into the 40-45% range, ETH price has the potential to surge to $9,000 and even surpass all-time records. Therefore, as BTC’s dominance weakens, ETH may have a cyclical opportunity to rise significantly.
Nod your head to live and watch the live broadcast to catch the bull market!