Analysis of Market Cap without BTC and ETH

Zooming in on the crypto pantheon, Ethereum and Bitcoin emerge as the twin pillars of utmost valuation, casting their colossal shadows across the market expanse. Yet, peeling away these titans unveils a tableau replete with intriguing dynamics. Notably, the breach of the $342 billion support yields an evocative narrative, followed by a subsequent test of this level in the guise of a resistance. This pivotal juncture propels altcoins toward an unmistakable downward trajectory. In the wake of this revelation, bearish sentiments eclipse the altcoin horizon, portending a looming sell-off, the reverberations of which could steer the collective search for a secure foothold within the confines of the $321 billion to $326 billion range. This impending support assumes paramount importance, as any transgression could potentially instigate a more dramatic and exacerbated sell-off, effectively reverting the altcoin realm to a precarious juncture nestled within the $287 billion to $293 billion range. This disheartening sequence mirrors a historical pattern of dual sell-offs, elegantly depicted in the data-laden chart.