ETH dey stall for TBO resistance as BTC/stablecoin dominance dey fall
ETH no fit close pass TBO resistance (23.76) for fifth day straight. Di setup dey look “deep suspicious,” e mean say ETH breakout fit no soon happen. MooninPapa dey expect say e go pull back go the Fast line near 22.26, and short-term structure dey lean sidways-to-lower instead of clean upside continuation.
BTC print another green daily close, but BTC RSI don overbought (70.76) and dey show bearish divergence (lower highs vs previous peaks). This one weaken momentum signals for the wider market.
On Thursday, both BTC dominance and stablecoin dominance drop sharply, while altcoins surge. The rally for OTHERS, TOTALE50, and TOTALE100 na rotation/short-squeeze/exit-pump behavior — no be durable risk-on follow-through. Altcoins wey dey trade near resistance and fit be vulnerable to retracements include XRP, BNB, SOL, LINK, SUI, ENA, LDO, INJ, and FIL.
Macro inputs mixed. DXY dey hint rebound, while equity/commodity signals show choppy conditions. Net for traders: ETH resistance still be the key battleground, and if dominance-driven flows no stabilize, the alt surge fit fade quick.
Bearish
Dis dey bearish for ETH because price action dey stuck for one key resistance (TBO 23.76) despite say dem don try many times. ETH RSI condition dem and the expectation say e go pullback to the Fast line (22.26) mean risk for downside or range bad pass make breakout continue. Plus, BTC RSI don overbought with bearish divergence wey dey limit any bullish impulse. The sharp drop for BTC dominance and stablecoin dominance together wit rapid altcoin surge na rotation/short-squeeze behavior, wey often dey fade—especially when many alts don near resistance. Mixed macro signals (DXY fit rebound, choppy indices) dey reduce confidence for sustained upside moves.