🔥 JUST IN:
$ETH open interest dominance has surged to nearly 40%, its highest level since April 2023 — a level surpassed on only 5% of trading days historically 🤯
📈 This signals a notable shift in market sentiment, with speculative capital rotating from Bitcoin to Ethereum
🔹 Growing investor appetite for ETH as traders position for outsized upside
🔹 A rising ETH focus often leads the way for altcoin strength, as capital flows deeper into the crypto market
🔹 In bull markets, rising ETH dominance is typically a precursor to major altcoin rallies
💥 If this continues, we could be entering a phase where Ethereum and altcoins dominate the market
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