$ETH at 2036, RSI sub-30. Looks like a textbook buy. It isn't.
BTC dominance grinding to 57.1% tells you exactly where the capital is going. ETH down 41% from highs, BTC only 24%. That's not shared weakness, that's rotation.
This is the alt bleed phase. Every post-halving cycle does it. Dominance expands, alts get crushed on a relative basis, oversold just means stretched.
ETH/BTC keeps leaking for the next two weeks. Any bounce in ETH is a sell into BTC, not a bottom.
Weekend volume running 1.6x the 20-day avg confirms active liquidation, not thin-book noise.
Until dominance rolls, every ETH bounce is an exit. Anyone actually fading that?
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@CityofReno@JoeLombardoNV Not a good look for the City of Reno to be commenting to taxpayers like this.
Agenda shaming from a gov't account isn't a good look..