Ethereum dominance Archives - Coin Engineer https://coinengineer.net/blog/tag/ethereum-dominance/ Btc, Coins, Pre-Sale, DeFi, NFT Wed, 23 Apr 2025 07:25:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png Ethereum dominance Archives - Coin Engineer https://coinengineer.net/blog/tag/ethereum-dominance/ 32 32 Ethereum Surges Back As Market Dominance Bounces From Critical Low https://coinengineer.net/blog/ethereum-surges-back-as-market-dominance-bounces-from-critical-low/ https://coinengineer.net/blog/ethereum-surges-back-as-market-dominance-bounces-from-critical-low/#respond Wed, 23 Apr 2025 07:30:25 +0000 https://coinengineer.net/blog/?p=40662 Ethereum (ETH) has surged nearly 15% in the past 24 hours, breaking past $1,800, outperforming Bitcoin (BTC) which saw only a 6% gain. Meanwhile, the broader crypto market recovered by 5%, pushing the total market cap back above $3 trillion. You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

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]]> Ethereum (ETH) has surged nearly 15% in the past 24 hours, breaking past $1,800, outperforming Bitcoin (BTC) which saw only a 6% gain. Meanwhile, the broader crypto market recovered by 5%, pushing the total market cap back above $3 trillion.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Following its crash to $1,400 on April 9, ETH has now rebounded by nearly 30%, leading analysts to suggest that the worst may be behind for the world’s second-largest crypto asset.

Dominance Recovery And Technical Setup

Crypto analyst “Rekt Capital” highlighted that ETH market dominance had fallen to 7%, matching 2019 lows. However, by April 23, that share rebounded above 7.5%, signaling a bounce from a critical support level.

ethereum
Ethereum Dominance

Markus Thielen of 10x Research stated that the market was heavily shorted, fueling a potential “short squeeze.” Technically, Ethereum was in an oversold zone on both daily and weekly timeframes, creating the perfect condition for a rebound.

An upcoming mainnet upgrade is also acting as a bullish catalyst, restoring confidence in Ethereum and signaling renewed strength in the crypto market.

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