According to @CryptoMichNL, ETH is at risk of dropping below the daily 20-EMA, which would signal short-term downside momentum if confirmed on a daily close, source: @CryptoMichNL. He states the broader market looks shaky and a near-term dip could create the ideal setup for an altcoin run in Q4, source: @CryptoMichNL. Per his view, traders should monitor ETH’s daily 20-EMA as the momentum trigger for broader altcoins into Q4, source: @CryptoMichNL.

According to Michaël van de Poppe, Bitcoin (BTC) dominance is currently showing signs of weakness. If this trend of falling dominance continues over the next one to two weeks, it could serve as a strong signal for traders that a massive altcoin run is about to begin, suggesting a potential shift of capital from Bitcoin into the altcoin market.