Tag: market dominance

Ethereum's Market Dominance Plummets Amid Bearish Price Predictions

Ethereum's Market Dominance Plummets Amid Bearish Price Predictions

Earnings Ether might sink below $1,100 as its market dominance slips to multiyear low. Tough sell, technically. Speaking of the chart, a bear flag pattern is forming on the daily that suggests another strong move down if price breaks under $1,600. This drop seen is placed on the lackluster institutional...

Ethereum Faces Mounting Pressure as Market Dominance Nears Historic Low

Ethereum Faces Mounting Pressure as Market Dominance Nears Historic Low

Ethereum today sits at the center of some existential crises. Unfortunately, its market dominance is declining, which is throwing even more pressure on this pioneering smart contract blockchain. There are a number of reasons for this. Technical indicators, lack of institutional demand, a muted derivatives market, and increasing competition from...