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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.
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ETH/USD is showing a bearish divergence on the four-hour chart, hinting at a potential 10–15% price correction.