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Coin Edition 2024-12-30 10:25:00

Ethereum’s Stabilizing Dominance: Key Levels for a Bullish Trend

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 .

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