Ethereum’s Climb Difficult: Will Altcoin Rally be Delayed?

A recent analysis by Sherpa suggests that for altcoins to surge, Bitcoin dominance ($BTC.D) must decline. However, this trend won’t occur unless Ethereum’s price reverses its long-standing downtrend—a challenge currently appearing challenging. 80% from its high, ETH/BTC is now hovering around a key historical support level near 0.047. This area served as a base during past accumulation periods (2019-2020), but Ethereum has yet to exhibit signs of recovery.