The analysis suggests that Ethereum Classic (ETC) is currently in a downtrend and has found a significant support level around $11.19. Based on historical patterns and a "V-model" evaluation, the prediction is for a bullish reversal. The total crypto market cap, excluding BTC, also shows a similar pattern of finding support and expecting a bullish continuation. The USDT dominance chart inversely correlates with the total crypto market cap, indicating that a drop in USDT dominance would signal an increase in liquidity and potential upward movement for altcoins.