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!