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.
