The Ethereum price is showing strength against Bitcoin and could potentially experience a mid-high timeframe reversal. A breakout above a critical resistance level could lead to Ethereum's dominance and a rally in Q1 2025. A crypto analyst suggests that Ethereum is attempting to form a higher low and break the 0.04 BTC resistance level for a bullish trend. If this happens, it could weaken Bitcoin's dominance and strengthen altcoins, particularly Ethereum. The analyst also notes that historically, the ETH/BTC trading pair performs well in the first quarter of the year, which aligns with seasonal altcoin trends. Breaking the 0.04 BTC level could result in a significant rally for Ethereum and the altcoin market. If Bitcoin's dominance declines, it could trigger increased interest and demand for altcoins.



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