Been watching ETH struggle at that 2.3K resistance for days now and honestly it's getting repetitive. Five straight closes below the key level and traders are starting to wonder if we're even going higher from here. Some analysts I follow are eyeing 2.26K as the more realistic target in the short term rather than betting on a clean breakout.

What's interesting though is that BTC just posted another green daily, but the technical picture underneath looks sketchy. RSI moved into overbought at 70.76 while forming lower highs compared to earlier peaks. That bearish divergence is a structural warning sign even though price action looked temporarily solid recovering to around 75.8K. Both BTC and ETH showing weakness beneath the surface honestly.

The weird part happened when BTC dominance actually dropped on Thursday. Normally that would spark risk-on sentiment, but instead we got this sharp rotation into altcoins. Coins like XRP, SOL, BNB, LINK and others all pumped into resistance simultaneously. It felt more like a short squeeze or exit pump rather than genuine buying pressure. Every one of those names is now sitting in a vulnerable spot if momentum flips.

Macro isn't helping either. Dollar index looks ready to bounce, oil's holding gains, and traditional markets are showing fragility despite those S&P futures hitting new highs. The trading volume just isn't there to back up these moves.

Bottom line: market action is moving in a weird way right now. With BTC dominance shifting and resistance levels holding strong, I'm staying cautious on any altcoin rallies. They could reverse just as quick as they pumped.