Altcoin King Ethereum 
$3,727.11 Bitcoin increased 21 percent in the last week 
$117,984.00Only 0.6 percent of the rise of the rise in the record by far behind. The total value of the crypto currency market at 4 trillion dollars, Bitcoin’s market share has declined to 61 percent in recent days. Thus, Bitcoin’s market share has seen the lowest level since March and fueled the Altcoin season discussions. Investor’s interest from Bitcoin altcoinAltcoin index increased to 41 levels with shifting to the s. This table has strengthened the expectations that Ethereum could target the old summit in the $ 4,800 if it exceeded the resistance in the 3 thousand 600–3 thousand 900 dollars that remained strong for three years. Relative power indexThe fact that the (RSI) has not yet reached 70 points to the additional rise.
Ethereum stands out while Bitcoin’s domination falls
BitcoinThe decrease in the total market value of the market shows that investors are turning to Altcoins that can be higher. As a matter of fact, in recent weeks, Ethereum’s double -digit rise was confirmed. To TradingView’s data according to Bitcoin’s market share is 61.36 percent at the time of the news.
According to past data, Ethereum tends to fill the gap during this type of decrease, and the current weekly performance difference supports this view. Altcoin IndexClimbing to the level of 41 is also an additional sign that capital rotation has gained momentum.
This table in the market increases the demand for Ethereum, while investors expect a critical threshold to pass a critical threshold for a new rise. Despite the strong acceleration in the weekly time period, indicators Rsi‘s 70 level of over -purchase threshold to reach the price of the price of the price alive keeps the information. Orientation depends on whether the additional purchase flow, especially on the performance difference that decomposes from Bitcoin.
Critical threshold for the target of 4 thousand 800 dollars
It is emphasized that permanent overcoming the three -year resistance zone between the range of 3 thousand 600–3 thousand 900 dollars in the technical view will confirm a strong wave of new rise. If this band is accepted on the next technical target, the highest level of all time in 4 thousand 800 dollars may come to the agenda. As the motor of possible breakage, the ongoing interest and ongoing interest of both individual and corporate buyers. Blackrock There are signs that investors are more oriented to Ethereum than Bitcoin.
The expectations of the rise are entirely on the current weekly performance, the shift in Bitcoin’s share, and the RSI, which has not yet overheated RSI. On the other hand, in order to activate the main scenario, the price must leave the threshold of resistance behind and continue to collect power.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
