
Bitcoin dominance has started to decline after a 5-week rise, signaling a potential shift of capital into Ethereum and other altcoins. This weakening of Bitcoin dominance is an early bullish sign for Ethereum, which has faced pressure recently. If this trend continues, Ethereum could gain momentum and potentially move toward the $3,000 price level, supported by renewed altcoin demand. A stronger Ethereum rally could also lead to broader altcoin market gains, making ETH a key asset to watch.