Why the Bitcoin Dominance chart may be warning traders of THIS shift!

Key Points

1. Ethereum approached the $4K resistance level, with on-chain activity potentially sustaining demand and supporting predictions of a $6,000 price target.

2. The altcoin market cap has ranged between $1.34 trillion and $1.54 trillion since July, with potential for a breakout above $1.54 trillion.

3. Bitcoin Dominance (BTC.D) has been range-bound for three weeks, signaling caution for altcoin traders about potential profit-taking opportunities.

4. Ethereum's strong corporate demand could drive it to new all-time highs, despite current selling pressure.

5. The article highlights the need for traders to monitor BTC.D and altcoin market cap trends to assess risk and potential market shifts.