Bitcoin Holds Steady, But Ethereum Steals the Show in Crypto Momentum Race

BTC Shows Strength, but Momentum Cools

Bitcoin (BTC) remains resilient above the daily trend baseline, holding firm after triggering a Trend Breakout (TBO) earlier this week. While the daily Relative Strength Index (RSI) is elevated, it hasn’t reached overbought extremes, signaling a pause in bullish momentum. Volume remains steady around the 30-day average, and On-Balance Volume (OBV) has slightly weakened. However, the weekly BTC chart continues to flash bullish signals, with last week’s RSI closing above 70—a key historical marker of sustained uptrends.

Ethereum Outperforms Bitcoin with Surging Technical Momentum

Ethereum (ETH) is leading the crypto market in both price movement and technical strength. The daily RSI has stayed in overbought territory for seven consecutive sessions, a sign of strong demand. Daily trading volume is consistently outperforming the 7-day average, and the OBV line continues to rise. On the weekly chart, Ethereum’s indicators look especially bullish with an OBV crossover, RSI nearing 70, and growing weekly volume.

Notably, the ETH/BTC ratio is pushing higher, approaching a breakout above the 0.236 Fibonacci level, reinforcing Ethereum’s dominance. Ethereum also printed two fresh TBO breakouts on the 4-hour chart, hinting at further upside.

Altcoin Sentiment Builds as Stablecoin and Dominance Charts Shift

Stablecoin dominance continues to decline, staying well below the daily cloud, which suggests that risk appetite is returning to crypto markets. At the same time, Bitcoin dominance is consolidating bearishly, and may soon dip into the weekly TBO cloud—a level it hasn’t tested since November 2024.

The Top 10 Dominance chart is showing signs of volatility, but the weekly RSI is climbing toward a potential breakout. These signals point to a rotational shift from Bitcoin into altcoins, with bullish sentiment building across smaller market cap assets.

OTHERS.D and Crypto Market Cap Charts Signal Strong Altcoin Support

OTHERS.D (altcoin dominance excluding BTC and ETH) recently printed a TBO Close Long on the 4-hour chart, suggesting a potential short-term trend reversal. Despite the minor dip of -2.64%, daily and weekly volume remain strong, and OBV trends upward—supporting ongoing altcoin accumulation.

Meanwhile, the TOTAL crypto market cap is showing strong continuation, with the weekly RSI remaining in overbought territory and price staying well above the TBO cloud. Similarly, the OTHERS market cap shows robust strength, with daily volume at twice the average and weekly volume exceeding the SMA, reinforcing bullish sentiment.

BVOL7D Indicates Temporary Consolidation

The BVOL7D (Bitcoin volatility index) unexpectedly closed red, suggesting short-term volatility is decreasing. RSI remains overbought but is curling downward. While this doesn’t signal a trend reversal, it may indicate a brief consolidation phase before Bitcoin and the broader crypto market resume their next move.

Gold Charts Flash Caution Signal Amid Crypto Rally

Outside crypto, gold has just printed its first TBO Close Long since November on the daily chart. This signal could reflect rising investor caution or hedging as traditional markets face uncertainty and crypto assets gain momentum.

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🔍 What to Watch Next

• Will Ethereum maintain its lead over Bitcoin?
• Could the TBO breakouts across altcoins signal the start of altseason?
• Will easing US inflation and weakening dollar push crypto prices even higher?

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