Ethereum’s dominance stabilizes at 12.82%, signaling potential for recovery.
Breaking 13% resistance could confirm Ethereum’s bullish reversal and growth.
78.3% of Ethereum futures traders are bullish, reflecting strong market optimism.
The cryptocurrency market may be about to turn a corner. Ethereum’s (ETH) dominance is showing signs of stabilizing after a months-long decline, and this could signal a potential reversal.
Historically, the fourth quarter has been a strong period for Ethereum, often marking a bottom against Bitcoin (BTC). According to crypto analyst Mikybull Crypto, ETH is now showing strength over BTC, which could set the stage for a potential altcoin surge in Q1.
$ETH is looking stronger than $BTC
As I said Q4 historically marked a bottom for ETH/BTC
Expect #ALTSEASON in Q1 pic.twitter.com/cG0CibX1dd
— Mikybull 
Crypto (@MikybullCrypto) December 30, 2024
Ethereum’s Stabilizing Dominance
Over the past few months, Ethereum’s market dominance has steadily declined, falling from approximately 18% mid-year to a recent low of 12%. This drop reflected investors moving their capital to other cryptocurrencies or assets.
But the tren…
The post Ethereum’s Stabilizing Dominance: Key Levels for a Bullish Trend appeared first on Coin Edition.
