Ethereum has steadily gained position as Bitcoin’s dominance continues to decline and shows a quiet change in market power. As ETH captures a larger share of the crypto landscape, key support and resistance levels are focused, pointing to potential additional benefits.
Ethereum captures larger market slices as BTC weakens
In a recent update on X, the boss noted that Ethereum’s dominance in the crypto market is steadily increasing, meeting previous expectations. As Bitcoin’s dominance begins to slip, Ethereum has gained momentum and is gradually gaining a larger share of its total market capitalization. This shift highlights an increased confidence in Ethereum’s relative strength compared to Bitcoin in the current market.
The boss also highlighted the technical significance of the green line marked on the dominance chart, identifying it as the main support zone. As long as Ethereum’s control is above this level, the bullish outlook remains. This support previously served as a reliable floor during past integrations, and by keeping it on top of it, it could provide a foundation for further benefits of control.
We are now focusing on potential zones of resistance. The boss explained using yellow lines derived from Fibonacci’s retracement level. These levels represent areas where ETH control may face sales pressure and hesitation. But if they surpass them, it could indicate a further strengthening of Ethereum’s position in the market.
Overall, boss analysis suggests that a decline in Bitcoin’s advantage may be driving the rise in Ethereum, and as long as it exceeds the highlighted support, technology setups still remain in the advantage for ETH.
ETH EYES Key Resistance Zone is $3,900 within the Ascending Channel
Thomas Anderson recently shared an analysis of the Ethusd H1 chart, observing that Ethereum is trading at $3,851.25, approaching a major zone of resistance between $3,876 and $3,900. Price action is unfolding within the rising channel, with the yellow line at the top marking the important area of resistance.
He further noted that the 200-day moving average, represented by the red line on the chart, provides dynamic support at the $2,900 level. This moving average plays an important role in maintaining the uptrend and remains at a critical level for monitoring in the event of a receding.
Analysts highlight that Ethereum is currently testing a larger upward channel cap, with the $3,287.74 level serving as a solid support zone in the 4H context. Anderson highlights that this level served as a major floor during recent integration, indicating that a recent pullback could be stable there. This trend remains bullish, but ETH could face temporary DIP at current levels before sustained breakouts beyond the $3,900 area.
