Ethereum (ETH) is exhibiting sustained upward momentum against Bitcoin (BTC), signaling a potential shift in cryptocurrency market dominance.
Bitcoin’s market share contracted by 1.85% last week as traders cited capital reallocations toward Ethereum. Market analyst Ash Crypto attributes this movement to funds favoring ETH over BTC in portfolio adjustments.
Complementing this trend, trader Cas Abbe identified a technical ‘bull flag’ pattern in Ethereum’s charts, indicating potential for an imminent breakout. These developments reflect a broader market dynamic where Ethereum’s strengthening position may reshape digital asset capital flows.