Bitcoin Dominance Rises as Ethereum Lags Behind

The cryptocurrency market has been experiencing a significant shift in recent weeks, with Bitcoin's dominance continuing to rise. According to technical analysis shared by MooninPapa on X, the daily RSI of Bitcoin has beaten its previous level, indicating a bullish trend. However, volume did not confirm a clean continuation, suggesting that the market may be due for a pullback.

The 4-hour TBO breakout cluster printed after a 6% move in Bitcoin, which is similar to late-breakout behavior seen in previous cycles. This has led MooninPapa to warn of a potential pullback, even as the weekly chart shows a bullish divergence developing.

Ethereum continues to lag behind Bitcoin, with MooninPapa noting that ETH still looks structurally weaker. The broader market trend indicates that altcoins may face more pain ahead, with TOTAL3 excluding BTC and ETH experiencing its third daily breakdown signal in a row.