Ethereum is constantly gaining ground while Bitcoin’s domain continues to decrease, reporting a calm movement of market power. Since Eth captures a greater share of the cryptographic panorama, the key support and resistance levels are now on fire, indicating the potential for further rise.
Ethereum captures a larger slice slice while BTC weakens
In a recent update on X, the boss stressed that Ethereum’s domain in the cryptocurrency market is constantly increasing, aligning with previous expectations. While Bitcoin domain begins to slip, Ethereum is gaining momentum, gradually capturing a greater share of total market capitalization. This shift highlights the growing trust in the relative strength of Ethereum compared to Bitcoins in current market conditions.
The boss also underlined the technical meaning of a green line marked in the domain graphic graph, identifying it as a key support area. As long as Ethereum’s domain remains above this level, the bullish perspective remains intact. This support has previously acted as a reliable floor during past consolidations and keeping above it could provide the foundations for further earnings in the domain.
Attention is transforming to potential resistance areas, which the boss illustrated using yellow lines derived from the levels of retracing fibonacci. These levels represent probable areas in which the domination of the HP could face sales or hesitation pressures. However, overcoming them could indicate a further strengthening of Ethereum’s position on the market.
Overall, the boss’s analysis suggests that the decline of Bitcoin domain could feed the rise of Ethereum and the technical configuration remains favorable for the ETH as long as it remains above the highlighted support.
Resistance area to the Eth Eath key at $ 3,900 inside the Rising channel
Thomas Anderson recently shared his analysis of the Ethusd H1 graphic designer, observing that Ethereum was exchanging $ 3,851.25 and approaching a key resistance area between $ 3,876 and $ 3,900. The action of prices is taking place within an ascending channel, with the higher yellow line that marks an area of critical resistance.
It also observed that the 200 -day mobile average, represented by the red line on the graph, offers dynamic support around the $ 2,900 level. This mobile average has played a crucial role in supporting the rise in the rise and remains an important level to be monitored in case of retracing.
The analyst showed that Ethereum is now testing the upper limit of a larger ascending channel, with the level of $ 3,287.74 that acts as a solid support area in the 4h context. Anderson stressed that this level is served by an important plan during recent consolidations, indicating that any short -term pullback can stabilize there. While the trend remains bullish, ETH could face a temporary dip at current levels before a prolonged break above the $ 3,900 area.