Ethereum is waking up! Here’s what could be next… 🔮

Have you seen what’s happening with Ethereum? It has well and truly woken up! This is exciting to see because it’s a textbook sign we’re on the right path to the next big phase: Alt season.

Currently, Bitcoin dominance is sitting around 57-58%, down from a peak of 64% earlier in the year. Historically, when it heads toward (and especially below) 50, it’s been the early signal that the spotlight is shifting from Bitcoin to Ethereum and liquidity is starting to branch out. That’s why seeing Ethereum moving strongly is a positive sign  – it’s the potential prelude to the most explosive phase of the cycle.

And if it feels a bit familiar, it’s because we’ve seen this play out before.

In 2017, Bitcoin dominance fell from approximately 87% in January to 37% in June. Ethereum’s price rose from around US$8 in January to approximately US$294 by June 30, reaching US$383 by early July. This surge preceded a significant altcoin rally, with many tokens exploding in value in mid-to-late 2017.

In 2021, Bitcoin dominance peaked at approximately 72% in January, then declined to 39% by May. And what happened with Ethereum? The price increased from around US$737 in January to approximately US$4,293 by May. During this period, altcoins experienced some of their largest percentage gains in history.

But what does this mean for Bitcoin’s price?

When dominance drops, it doesn’t mean Bitcoin’s rally is over. In fact, BTC can still be pushing higher even as Ethereum and alts run. It simply means liquidity is spreading out instead of being concentrated in Bitcoin – and that’s exactly the environment where alt season can begin!

We aren’t there yet, but it looks like we are following all the historical markers to say we’re on our way. You can watch it play out in real time here: BTC Dominance Chart

Bitcoin dominance isn’t a magic crystal ball, but it’s one of the great early indicators for seeing where the market may move next. It allows savvy investors to move before the majority even realise what’s happening.

And that can be the difference between watching from the sidelines, and being part of the action.