Crypto Silver Ethereum importance The most important reason of this bullish wave is not Ethereum, maybe it's rised as normal as others but the main reason is BTC and gold
And the reason of Rising and the main Stuff was The presidency of an important country like us, can make a Big wave like this
Some flagship Coins like Xrp and Ada has their own news and fundamental.
So i think eth cant relate this Sharpy wave rise.
The dominance of Btc on market is dumping in my opinion and it will continue tol the Eth dominance rise to see a new alt season.
This valuable and volume of Eth is not really fair for This young Crypto Silver.i can bet one day you will forget about btc lol just kidding.
Btw we have 2 scenarios for monthly ranging triangle technically for:
If you don't expect any sudden news or war tensions or Powell Time Sharp moves, we can have rising scenario with slowly ranging in 1month timeframe
Instead if we have the Low and weak Eth we can expect Dumping and we can start to check the Eth after breaking triangle from Down part.
Btw i like to just wait to see what happens in 2 weeks for this young mom Coin(eth) haha
Good luck