Dogecoin's Future Tied to Ethereum's Performance

Dogecoin's future rally hinges on Ethereum's performance and Bitcoin dominance trends.

### Dogecoin Market Update: Thanksgiving Trends and Ethereum's Role
* 🌙 Good evening to the Dogecoin community, as we gather for another brief update amidst a **stagnant market** with **little new information** to share.
* 📉 Historically, there are small sell-offs around Thanksgiving, and we may be experiencing that trend now, similar to last year when Ethereum faced some volatility before **moving higher**.
* 📊 Since August, we've argued that Ethereum would reach an **overbought state in November**, which it has, based on its historical patterns of making **higher lows on the RSI**.
* 🚀 Currently, Ethereum's stock RSI indicates it's **overbought**, mirroring last year's movements, suggesting a potential **continuation of bullish trends** if it holds steady.
* 🔗 The key to Dogecoin's rally lies in **Bitcoin's dominance**; past trends show that Dogecoin surged when **Ethereum rallied** and **Bitcoin's dominance fell**.
* 📈 While some altcoins have seen pumps, they did not affect dominance significantly, reinforcing that **Ethereum is critical for any substantial movement in Dogecoin**.
* 🦙 As we approach Thanksgiving, there's a possibility of a correction, but if Ethereum consolidates, it may pave the way for **Dogecoin's bull market**, expected to **peak around March**.
* 📅 Remember, all insights shared are personal opinions and not financial advice; your support is appreciated as we aim for **65,000 subscribers**.

Good evening to the Dogecoin Moon boys and the Dogecoin Moon Girls. Welcome to another nightly dose of Doge. We'll probably just do a five-minute recap because there's really nothing new to say, and we've pretty much been highlighting the same thing every video.

And unfortunately, we're not going anywhere, so we're running out of things to say. But I would like to start the video by saying that historically, there are little sell-offs each Thanksgiving. Now, we may be getting that right now, and maybe we're not. I don't

know, but if we do go back to last year, there was a little bit of chop for Ethereum around Thanksgiving. Uh, I believe it was right here, and then ultimately, we ended up moving higher once the move was done, right? So, one would speculate that we just completed

this accumulation, and now we're in here. So, it's very possible that this would be our white box. Now, there is actually more evidence to support that. If you remember, basically since August, we've been making the argument which, um, most of you are new actually, so you might not remember

or maybe weren't even around, but we've been building the argument that in November we should get an overbought Ethereum, which we did. And the reason we said that is because historically when Ethereum makes these higher lows on the RSI, it does end up reaching overbought

at some point. It's been that way basically every time, which when it hits oversold and you make higher lows, you do hit overbought. But we're not going to waste time running through that because we already highlighted it back when it was happening, and reality is it played out.

Right, so we got the overbought, but the reason this is important is because we may actually be setting up for a very, very similar move to last year. And uh, more evidence that suggests that may actually be happening is actually on the stock RSI, which if you don't know what

that is, it's essentially uh, momentum, and on the six-day time frame you can see that we're we're actually overbought right now, very similar, or I guess it's the other way around, right? We're overbought right now, very similar to

what happened last year. So if the hopium here is if we can see Ethereum hold up, then the next move up will continue, as you can see it chopped around here. Um, but again, it is Thanksgiving, so there may be a correction and you you might be

saying, why is this guy always talk about Ethereum? Well, at this stage of the market, you're aware that the Bitcoin dominance is the final domino that we're waiting for in order for Dogecoin to rally higher. All right, in 2017, as we

beat the horse, we can see that the dominance fell and Dogecoin exploded. In 2020, we can see the dominance fell and Dogecoin exploded. And obviously, we are now waiting for the dominance to fall and for Dogecoin to explode. And the only

way the dominance falls is if Ethereum rallies. Okay, a lot of people in the comments were like, oh, we're going to get alt season without Ethereum. Well, you can see XLM just had a monster pump, monster pump. The dominance did nothing. XRP had a monster pump. The dominance did

absolutely nothing uh obviously Solana is at a new all-time high the dominance did nothing the only coin that can move it is Ethereum and I just told you if Ethereum holds up this bullish trend then we could continue higher now again it's all shoulda coulda woulda it's not

guaranteed but there is a chance and again I do want to revisit this idea that around Thanksgiving there is a correction so I will say though considering Dogecoin went up I don't think it matters that much but again if we do look back we can see last summer

well I don't know why I said last summer but uh last Thanksgiving if we go back and look which I I hope you can't hear the clicking of my mouse it's really annoying when people click but you can see around last November there was a

bunch of chop heading into Thanksgiving and then we went higher again very similar potentially to what has just started if we go back to 2020 I believe was the last bull run right well last in 2021 Thanksgiving was just death hold on excuse me 2021 the Thanksgiving was

death you can see again in November of 2020 again big dump into Thanksgiving and then we went up in December so it's very possible that we're getting a bearish not a bearish November but like a a correction heading into Thanksgiving um here it is again right the

Thanksgiving Massacre in 2017 by Thanksgiving we had started moving up so again I'm not saying there has to be a big crash but if if if we can consolidate like this we're good right because I just showed you the Ethereum chart but again

I don't know what's going to happen. I'm just showing you what has happened historically and whatever happens, happens. But either way, no matter what happens, I do think Ethereum ends up here and ultimately up here by the end of the

bull run, which I do think will be in March. And I would imagine, as you all ask, why this guy talking about Ethereum? Well, as I just told you, the dominance can only go down if Ethereum runs. And when the dominance goes down, that's when Dogecoin has its big bull market. So all

eyes on Ethereum throughout the week, in my opinion. And once Ethereum runs, we'll pave the way for Dogecoin and we'll ultimately get our bull run. So, uh, that is pretty much it. As always, everything said in the video is just my opinion.

None of this is financial advice. If you could subscribe, that would be great. Rate as we're on the road to 65,000 subscribers. It has been my dream since the 80s. And if you don't want to subscribe or you already did, that's fine

too. I appreciate the support and I will see you guys in tomorrow's video again. 5-minute recap, 6 minutes, not bad. None of this is financial advice.

SIGNS ARE ON THE WALL?! DOGECOIN $2 BULLRUN PUMP in 2025 EXTREMELY CLOSE? The TRUTH about Doge to $1

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Thanksgiving Sell-offs and Ethereum's Historical Performance

Brief video recap due to lack of significant new developments.

Historical analysis suggests potential Thanksgiving sell-offs.

Last year's Ethereum experienced a minor correction around Thanksgiving before resuming upward movement.

Argument for November's overbought Ethereum, supported by historical RSI data.

Overbought Ethereum confirmed, potentially setting up for a similar move as last year.

Stock RSI and Ethereum's Importance for Dogecoin

Analysis of stock RSI (momentum indicator) shows overbought conditions, mirroring last year's pattern.

Potential correction around Thanksgiving mentioned.

Ethereum's role in decreasing Bitcoin dominance and triggering Dogecoin's rally.

Examples of other altcoins' pumps not affecting Bitcoin dominance; Ethereum is the key factor.

Review of past Thanksgiving periods, showing various market behaviors.

Ethereum's predicted price movement by the end of the bull run (March).

Ethereum's importance for decreasing Bitcoin dominance and triggering Dogecoin's bull market.

Disclaimer: Information provided is opinion-based and not financial advice.