The cryptocurrency market is currently experiencing a significant shift in its structure. Bitcoin's market dominance has noticeably declined from around 66% to about 58%. This trend reflects a change in investor sentiment, with funds gradually moving from Bitcoin to Ethereum and other altcoins.

Technical analysis shows that Bitcoin's dominance has fallen below the key support level of 64.81%, further confirming its weakening market influence. Meanwhile, the Relative Strength Index ( RSI ) has shown a bearish divergence, combined with the confirmation of a wedge breakout pattern, indicating that Bitcoin's dominance may further decline to levels of 50.56% or even 48.32%.

On the other hand, Ethereum's performance is noteworthy. Its price has returned to historical highs, which not only boosts investor confidence but also injects new vitality into the entire altcoin market. This phenomenon is seen as an important signal of broader rotation in the cryptocurrency market.

Market analysts indicate that the current flow of funds shows that investors are gradually shifting their attention towards tokens with smart contract capabilities. This shift may signal that the cryptocurrency ecosystem is moving towards a more diversified direction.

However, it is worth noting that market trends are constantly changing. Investors should closely monitor various technical indicators and market movements when making decisions, while weighing potential risks. In the coming period, changes in Bitcoin's dominance will continue to be the focus of the market, and its trends may have a profound impact on the entire encryption currency market.