I'm just observing so far, but some pretty interesting symptoms on ETH.D 1. On the weekly chart, the Ishimoku clouds are reporting that the overcoming momentum has not happened. The Kijun has not crossed the Tenkan and is moving in parallel. 2. Senkou Span B (lower boundary of the cloud) stopped candle, the opening candle is falling out of the boundary to the downside. For this to be super bullish it should have broken through the neck of the green Kumo cloud, and opened at least 19.51%. 3. It is not yet known whether the VFI indicator is relevant to a chart like ETH.D (this is yet to be established). But for any other chart, it is an ultra bearish signal. The VFI EMA on the weekly chart crosses the zero line. I would be wary.
Let's also look at the daily chart on the right. The candle has reached the sell block order, and the trend oscillator is quite ready to give a red reversal point soon.
노트
노트
Three comments. 1- Liquidity is spilling over into altcoins predominantly from Ether! 2. On the monthly chart, the candle can't cross the kijun-sen and is looking towards the cloud border. 3. The process developing on the daily chart confirms the imminent possibility of a fall.
Note that bitcoin's dominance is not falling. That is, it seems to me to be a novelty.