ETH DOMINANCE - IS ETHEREUM OVERVALUED?
Ethereum Market Cap Dominance has skyrocketed! This chart shows that Ethereum is currently holding 19.5% of the TOTAL CRYPTO MARKET CAP. Large funds and macro analysts expect Ethereum to surpass Bitcoin dominance in a few years.
In my opinion, it will depend on Ethereum protocol updates. Scalability and usability will decide its future. In the short term, we expect Ethereum to retrace a bit more than its teammates, as it seems slightly over valued.
Check our psychological EMAs if you want to ride this greed rally on ETH safely! See you later!
In my opinion, it will depend on Ethereum protocol updates. Scalability and usability will decide its future. In the short term, we expect Ethereum to retrace a bit more than its teammates, as it seems slightly over valued.
Check our psychological EMAs if you want to ride this greed rally on ETH safely! See you later!
