The market is crazy right now. Bitcoin reached a market cap ATH yesterday and is getting closer and closer to overcoming its ATH possibly today!
But what about ETH and other altcoins?
Something very interesting is happening on the ETH/BTC Chart
ETH is hitting a key support level right now. It can either reverse upwards seeing ETH possibly pump up to 4.6k. Or it can dump downwards if BTC keeps on pumping after ATH. Will we see BTC Dominance keep on surging with ATH and see a mini alt coin bear market? OR will we see a correction after BTC hits ATH and see ETH and Alts pump?
Personally, I think that BTC will have a correction after it sets a new ATH this week. This could lead to an ETH and Altcoin pump in the short term. However, we are currently in a new price discovery range for BTC so its difficult to say which way this could go. Stay up to date on these charts to get a feel of where the market is going in the next hours/days!
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