Bitcoin News Today: Ethereum MACD Crossover and Bitcoin Dominance Dip Signal Altcoin Rally Potential

Ethereum’s recent bullish MACD crossover and the decline in Bitcoin dominance are sending strong signals that the crypto market may be entering a new altcoin-driven cycle. The MACD crossover, historically associated with major altcoin rallies, has emerged at a cycle low against Bitcoin, suggesting Ethereum could soon outperform its larger counterpart. Currently trading at 0.03071 BTC, Ethereum’s price dip may indicate a key support level, setting the stage for a potential recovery and renewed momentum across the altcoin sector [1].

The decline in Bitcoin dominance to 54.37% marks the fifth correction since 2023, reinforcing a well-documented pattern where capital shifts into altcoins during specific phases of the market cycle. This behavior is often accompanied by a breakdown in USDT dominance, which recently exited a 7-month ascending wedge. This shift signals reduced market fear and increased trader confidence, further supporting the idea that investors are rotating funds into riskier, higher-gain assets such as Ethereum and other altcoins [1].

Analysts highlight the significance of these developments. Expert trader Merlijn notes that Ethereum’s underperformance against Bitcoin for 12–18 months after previous altseason peaks is now showing signs of reversal, supported by the green momentum crossover. This technical setup is viewed as a strong indicator of an incoming altcoin rally, similar to those seen in 2017 and 2021 [1]. Moustache, another crypto analyst, underscores the breakdown in USDT dominance as a key psychological shift, suggesting traders are regaining confidence and reallocating capital into more volatile assets [1].

The convergence of these technical indicators—Ethereum’s MACD crossover, Bitcoin dominance correction, and USDT dominance breakdown—creates a compelling case for a new altseason. These signals align with historical patterns where altcoins experience significant gains, often reaching 5x to 20x returns. As the crypto market continues to mature, the ability of investors to recognize and act on these signals becomes increasingly important [1].

Investors are advised to monitor these trends closely as they may represent a turning point in the broader market. The current rotation phase appears to be well underway, and if history is any guide, altcoins could experience a broad-based surge in the coming months. The technical conditions are in place, and market analysts from COINOTAG confirm these patterns as strong indicators of an upcoming bull cycle for altcoins [1].

Source: [1] Ethereum’s MACD Crossover and Bitcoin Dominance Dip Suggest Possible Altcoin Breakout (https://en.coinotag.com/ethereums-macd-crossover-and-bitcoin-dominance-dip-suggest-possible-altcoin-breakout/)