- Dan Gambardello thinks Ethereum and other top altcoins appear to be gearing up for a significant bull run.
- The analyst identifies a fading Bitcoin dominance as an indicator of a developing altcoin bull season.
- According to Gambardello, the lower the rank for cryptos in market cap, the higher their potential for percentage gains.
According to Dan Gambardello, host of the Crypto Capital Venture YouTube channel, Ethereum and other top altcoins appear to be gearing up for a significant bull run. In a recently uploaded video, the renowned analyst spotted the dwindling Bitcoin dominance, among several other factors that support his bullish observation.
Despite Bitcoin’s recent achievements, like breaking above $57,000, Gambardello thinks Ethereum is leading the way in the developing bull run. He highlighted Ethereum’s Relative Strength Index (RSI) on the monthly chart, marking its highest level since November 2020.
By showing similarities between the ETH RSI now and in November 2020, the analyst made an interesting revelation. He believes ETH RSI is reciprocating, or traversing the same path it took in 2020 November when it broke the bull market door. This …
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