The post Ethereum (ETH), Solana (SOL), and Sui (SUI) continue to outpace Bitcoin (BTC) appeared on BitcoinEthereumNews.com.

While Bitcoin (BTC) is currently in real danger of falling back under $100,000, it should be noted that Ethereum (ETH), Solana (SOL), and Sui (SUI) are generally holding up better. Once, and if, Bitcoin does start turning back up again, will $ETH, $SOL, and $SUI continue to eat into $BTC dominance? BTC.Dominance heading down to 60% Source: TradingView BTC Dominance is finally heading down. Of course, this might only be a short reprieve for altcoins in general. The ascending channel has been in force since the very beginning of this bull market, so it may well be that this continues until the end.  That said, at least for now, BTC Dominance is regressing, and judging by the above weekly chart, dominance should probably keep lowering until around 60%. This would take it to the bottom of the channel, and another retest of the 0.618 Fibonacci level. The Stochastic RSI indicators (bottom of chart) still have a long way to fall, so perhaps there could be another break out of the bottom of the channel as happened in November through to January 2025. $ETH revival against $BTC continues Source: TradingView The ETH/BTC pairing is in the very early stages of a revival for $ETH, which is currently 34% up against $BTC over the last week. Can this continue? Yes, of course. Bitcoin Dominance will need to keep decreasing, and the $ETH bulls will need to take full advantage of the next wave higher.  Huge task in front of $ETH bulls Source: TradingView Moving out into the weekly time frame, the full extent of the task that confronts the $ETH bulls becomes apparent. To break such a long and deep downtrend as this one is a huge undertaking. The bulls must push $ETH up and above the big 0.027 BTC resistance, and…

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Filed under: News - @ May 17, 2025 5:28 am