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

Date: 2025-05-14

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.Despite the near-term risks, some analysts view a pullback as a “buy-the-dip” setup before a possible move toward $3,500–$3,800.Ether (ETH) has surged over 50% month-to-date in May, vastly outperforming the broader crypto market’s 15.25% gain. The rally has pushed Ethereum’s market dominance (ETH.D) toward the critical 10% threshold for the first time since March.But the rising dominance accompanies signs of overheating, indicating that Ethereum bulls should not celebrate the rally just yet.Ether...

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