ETH dominance remains strong during btc bounce

Its interesting to observe that the eth dominance has been stable around 20% for so long and now going up together with the btc dominance.
The lows on the weekly chart are showing an attempt of a parabolic advance. I think a major move is imminent for eth and it's likely to the upside.

The eth and btc dominance going up together could mean that this is no a rotation from altcoins into btc but more likely sideline money reentering the crypto market and mainly going into btc and eth.

Commento:

current weekly candle suggesting the swing low is in for ethbtc

Commento:

unfortunately weekly close was not strong enough to give a clear signal