Ethereum Quiet Takeover: How Declining BTC Dominance Is Fueling ETH’s Rise

Source Newsbtc

Ethereum is steadily gaining ground as Bitcoin’s dominance continues to decline, signaling a quiet shift in market power. As ETH captures a larger share of the crypto landscape, key support and resistance levels are now in focus, pointing to potential for further upside.

Ethereum Captures Larger Market Slice as BTC Weakens

In a recent update on X, The Boss pointed out that Ethereum’s dominance in the crypto market is steadily increasing, aligning with previous expectations. As Bitcoin dominance begins to slip, Ethereum is gaining momentum, gradually capturing a larger share of the total market capitalization. This shift highlights the growing confidence in Ethereum’s relative strength compared to Bitcoin under current market conditions.

The Boss also emphasized the technical significance of a green line marked on the dominance chart, identifying it as a key support zone. As long as Ethereum dominance remains above this level, the bullish outlook remains intact. This support has previously acted as a reliable floor during past consolidations, and holding above it could provide the foundation for further gains in dominance.

Ethereum

Attention is now turning to potential resistance zones, which The Boss illustrated using yellow lines derived from Fibonacci retracement levels. These levels represent likely areas where ETH dominance could face selling pressure or hesitation. However, surpassing them could indicate further strengthening of Ethereum’s position in the market.

Overall, The Boss’s analysis suggests that the decline in Bitcoin dominance may be fueling Ethereum’s rise, and the technical setup remains favorable for ETH as long as it stays above the highlighted support. 

ETH Eyes Key Resistance Zone At $3,900 Within Rising Channel

Thomas Anderson recently shared his analysis of the ETHUSD H1 chart, observing that Ethereum was trading at $3,851.25 and approaching a key resistance zone between $3,876 and $3,900. Price action is unfolding within an ascending channel, with the upper yellow line marking a critical resistance area. 

He further noted that the 200-day moving average, represented by the red line on the chart, is offering dynamic support around the $2,900 level. This moving average has played a crucial role in sustaining the uptrend and remains an important level to monitor in case of a retracement. 

The analyst highlighted that Ethereum is now testing the upper boundary of a larger ascending channel, with the $3,287.74 level acting as a solid support zone in the 4H context. Anderson emphasized that this level has served as a major floor during recent consolidations, indicating that any near-term pullback may stabilize there. While the trend remains bullish, ETH could face a temporary dip at current levels before a sustained breakout above the $3,900 area.

Ethereum
Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Oil Holds Steady Amid Greenland Tensions and Oversupply PressuresOil prices stabilized on Wednesday as traders weighed escalating geopolitical tensions over the U.S. push to take control of Greenland against a backdrop of persistent concerns about global oversupply.
Author  Mitrade
10 hours ago
Oil prices stabilized on Wednesday as traders weighed escalating geopolitical tensions over the U.S. push to take control of Greenland against a backdrop of persistent concerns about global oversupply.
placeholder
Bitcoin Tops $95,000 Amid Two-Month High, but U.S. Demand Lags Behind Global RallyBitcoin prices climbed above $95,000 on Tuesday, reaching their highest level in two months. However, a key market indicator suggests U.S. investor participation in the rally has been noticeably weaker compared to overseas demand.
Author  Mitrade
Jan 14, Wed
Bitcoin prices climbed above $95,000 on Tuesday, reaching their highest level in two months. However, a key market indicator suggests U.S. investor participation in the rally has been noticeably weaker compared to overseas demand.
placeholder
Jefferies Predicts Strong Growth in Chinese AI Stocks Amid Narrowing Valuation GapsJefferies analysts highlight the growth potential of Chinese artificial intelligence stocks, forecasting significant upside as valuations converge with U.S. peers. Increased capital spending and government support further enhance optimistic outlook through 2026.
Author  Mitrade
Jan 14, Wed
Jefferies analysts highlight the growth potential of Chinese artificial intelligence stocks, forecasting significant upside as valuations converge with U.S. peers. Increased capital spending and government support further enhance optimistic outlook through 2026.
placeholder
Australian Consumer Confidence Declines Amid Rising Interest Rate ConcernsConsumer confidence in Australia fell in January, driven by increased worries about interest rates and job security. The Westpac-Melbourne Institute Consumer Sentiment Index remains in pessimistic territory below neutral levels.
Author  Mitrade
Jan 13, Tue
Consumer confidence in Australia fell in January, driven by increased worries about interest rates and job security. The Westpac-Melbourne Institute Consumer Sentiment Index remains in pessimistic territory below neutral levels.
placeholder
Gold, Silver Hit Records as Fed Independence Fears, Iran Unrest Fuel Haven RushGold and silver surged to all-time highs on Monday, propelled by mounting concerns over Federal Reserve independence after the U.S. Justice Department threatened a criminal indictment against the central bank, alongside escalating geopolitical tensions as protests in Iran intensified.
Author  Mitrade
Jan 12, Mon
Gold and silver surged to all-time highs on Monday, propelled by mounting concerns over Federal Reserve independence after the U.S. Justice Department threatened a criminal indictment against the central bank, alongside escalating geopolitical tensions as protests in Iran intensified.
goTop
quote