ETHEREUM DOMINANCE
Very bad, but we could start finding a bottom if there is still interest in investing in ETH as I think there is especially for more traditional investors, as there is also the spot ETF on ETH and it is starting to see higher inflows than before in this last week.
In my opinion, this should interest us as far as ALTs are concerned as long as it doesn't change the narrative.
If it were to change we could see a 'division' of the market where ETH breaks away from the Altcoins narrative and takes a cycle in itself therefore detaching itself from the narrative one and no longer having to deal with the alts cycle but living on its own life as it is performing poorly compared to most other Alts and in my opinion if this were to happen, ETH would become an asset in its own right like BTC.
SOL could take the place of Ethereum as queen of Alts tracing the path on which then all the alts would follow it.