Bitcoin Dominance Decline Opens the Door for Ethereum Strength

The article argues that a decline in Bitcoin dominance is creating a more favorable setup for Ethereum and broader altcoins. From a technical perspective, Bitcoin dominance (BTC.D) appears to be in wave 5 of a larger corrective move lower, while Ethereum dominance (ETH.D) has broken back above channel resistance, potentially signaling the start of a multi-wave recovery. The author suggests the crypto market is still in a corrective phase, but a deeper pullback may be nearing completion, after which the next leg higher could begin. Broader risk assets are also supportive, with stocks rising and Treasury yields easing after news of renewed US-Iran talks helped crude oil fall sharply. Overall, the piece is mildly bullish for ETH relative to BTC and constructive for the crypto market, though it warns of possible near-term sideways consolidation before a broader rebound.