Historical cycle data on the indicator points to the possible end of bitcoin's dominance growth. This may indicate the beginning of capital reallocation in favor of altcoins. At least until May 7 we will have a short-term altcoin season, but if we are lucky, even until the end of May.
⚠️ Caution Amid Geopolitical Factors
While a temporary altcoin season may be on the horizon, it's essential to consider broader economic factors. Ongoing trade tensions, particularly involving the U.S., could introduce volatility into the markets. Such geopolitical uncertainties might render the current altcoin rally a bull trap, with potential downturns in the summer months.
⚠️ Caution Amid Geopolitical Factors
While a temporary altcoin season may be on the horizon, it's essential to consider broader economic factors. Ongoing trade tensions, particularly involving the U.S., could introduce volatility into the markets. Such geopolitical uncertainties might render the current altcoin rally a bull trap, with potential downturns in the summer months.
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ETH will rise today, perhaps on this drop in domination it will rise to $2,800-$2,900. But next will be a gradual rise against BTC, but a fall against USD is likely.
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