Ethereum retakes 10% market share, but ETH bulls shouldn’t celebrate yet

Ethereum’s crypto market dominance has reached its most overheated levels since May 2021, which may lead to a sharp pullback in ETH prices.

Key takeaways:

Ethereum’s market dominance has hit overbought RSI levels not seen since May 2021, historically followed by major pullbacks.

ETH/USD is showing a bearish divergence on the four-hour chart, hinting at a potential 10–15% price correction.

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