ETHEREUM Surge To Trigger Altcoin BOOM! (Bitcoin Dominance Crumbles)

In this video, I discuss the remarkable breakout of Ethereum, currently priced around $3,100, and its implications for Bitcoin, Bitcoin dominance, and altcoins as we enter a new cycle in the crypto space. I emphasize the uniqueness of this cycle compared to previous ones, backed by technical analysis of Ethereum's weekly and monthly charts, including a significant observation of the Relative Strength Index (RSI) being at its highest since November 2020—a pivotal moment that marked the beginning of a bull market. This video explores Ethereum's leadership role in this cycle, its effect on Bitcoin dominance, and the potential for altcoins to experience substantial moves. Additionally, I cover the concept of 'bull market doors' and how breaking through these levels historically signals powerful moves in the crypto market. The video also touches upon the importance of market cap in predicting the potential for gains among different cryptocurrencies, with Ethereum serving as a prime example of strength and dominance in the current market landscape.