Ethereum (ETH), Solana (SOL), and Sui (SUI) continue to outpace Bitcoin (BTC)

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.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 $BTC dominance?BTC.Dominance heading down to 60%Source: TradingViewBTC Dominance is finally heading down. Of course, this might only be a short reprieve for altcoins in general. The ascending channel has been in force since the very beginning of this bull market, so it may well be that this continues until the end. That said, at least for now, BTC Dominance is regressing, and judging by the above weekly chart, dominance should probably keep lowering until around 60%. This would take it to the bottom of the channel, and another retest of the 0.618 Fibonacci level.The Stochastic RSI indicators (bottom of chart) still have a long way to fall, so perhaps there could be another break out of the bottom of the channel as happened in November through to January 2025.$ETH revival against $BTC continuesSource: TradingViewThe 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 bullsSource: TradingViewMoving 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 then above the ascending bull market trendline. This would just be a start. $SOL up 30% against $BTC over the last weekSource: TradingViewFrom its bottom against $BTC, $SOL is currently up 30%. The SOL/BTC ratio is returning back into the small ascending channel, but the shorter time frame Stochastic RSI indicators are coming back to the bottom, and would perhaps turn the ratio back around before the price goes too much further down.SOL/BTC still has big resistance levels to surmountSource: TradingViewThe weekly time frame for SOL/BTC shows how the ratio dropped out of the long-time triangle. It can be seen that breaking through the two horizontal resistance levels will be critical for a further increase in $SOL against its $BTC pair. At the bottom of the chart, the Stochastic RSI shows that the indicator is currently hitting a descending trendline in force since late 2023. If rejected, this could mean an end to this latest surge for $SOL against $BTC.$SUI up 77% against $BTC since early AprilSource: TradingViewSUI/BTC is up 77% just from early April. The 4-hour chart shows that a higher high has been made, and now it just remains for a higher low to be put in. The ratio is currently at a support level, and there are two decent horizontal supports below this.SUI/BTC facing critical rejectionSource: TradingViewThe weekly time frame for SUI/BTC shows that there might be a problem brewing for $SUI. Although there are higher highs and higher lows so far, if SUI/BTC is rejected here, and the Stochastic RSI is perhaps starting to foreshadow this, a lower low, and then a potential lower low could really stop $SUI in its tracks against $BTC. However, there is still time left in the week for things to turn back in favour of $SUI. This should be watched very closely.Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Source link