Eth struggles at resistance as altcoins surge after btc dominance drops

Ethereum (ETHUSD) has failed to close above its key TBO resistance (23.76) for five consecutive days, prompting technical analyst MooninPapa to warn of a likely short-term pullback toward the Fast line near 22.26 rather than an immediate breakout. Bitcoin (BTCUSD) shows overbought daily RSI (70.76) with bearish divergence despite a recent recovery from a $73,309 low, while BTC and stablecoin dominance fell sharply as capital rotated into altcoins. Major altcoins — including XRPUSD, BNBUSD, SOLUSD, LNKUSD and FILUSD — posted strong one-day gains, flagged as potential rotation/short-squeeze or exit-pump behavior and vulnerable to steep retracements. Macro cues (DXYUSD pivot low, US SP 500 highs, Japan 225 strength, XAUUSD sideways) add to a choppy market backdrop, leading to a cautious outlook and elevated risk of reversal.