Altcoin valuations against Ethereum (ETH) are temporarily rising, as indicated by the (TOTAL3-USDT)/ETH chart bouncing after ETH made an All-Time High. However, this trend is likely short-lived; Altcoin/Bitcoin (BTC) pairs are expected to bleed, causing Bitcoin Dominance (BTC.D) to rise while ETH/USD potentially drops back to its 21-week EMA, after which Altcoin/ETH pairs will likely decline again. Investors should be cautious of a potential short-term bounce in Altcoin/ETH pairs followed by a broader downtrend.