Market update: $BTC dominance has dropped below 62% (where it was last weekend) showing that liquidity is flowing out of $BTC and into ALTS.
$ETH has been holding support at 3,728 USD since 11 pm Friday (NY TIME) providing a solid foundation to build on.
A rejection on July 21 sent the market into a steep correction. The MEME coin sector is looking more and more enticing. Investors may see more upside potential in DOGE, SHIB, PEPE, and start to pile in sometime around midday igniting the flame necessary to reach last week's highs
Combine that with $BTC holding its ground above 117,740 USD, and we get the formula for an exciting weekend. Although the outlook for ETH is uncertain with strong resistance at 3,838 USD. This level has been sustainably broken since Dec 2024!