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7.2927L6.65685 0.928741C7.04738 0.538216 7.68054 0.538216 8.07107 0.928741C8.46159 1.31926 8.46159 1.95243 8.07107 2.34295L3.41421 6.99981L16 6.99981C16.5523 6.99981 17 7.44752 17 7.99981C17 8.55209 16.5523 8.99981 16 8.99981L3.41421 8.99981L8.07107 13.6567C8.46159 14.0472 8.46159 14.6804 8.07107 15.0709C7.68054 15.4614 7.04738 15.4614 6.65685 15.0709Z"></path></svg>Back</a><div class="sc-4fdbe080-0 iZdgQN title "><h1>Crypto Daily: Ethereum dominates Bitcoin in market share ahead of Merge</h1></div></div><div class="time_date_block"><ul class="time_date"><li>Sep 13, 2022</li><li>07:09</li><li>2 min reading</li></ul><div class="author_block"><div class="author_image"><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%2720%27%20height=%2720%27/%3e"/></span><img alt="Choise.com team" srcSet="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=32&q=75 1x, /_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75 2x" src="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/></span></div><div class="author_name"><span class="dynamic_author"></span>Choise.com team</div></div></div><div class="content"><div class="main_image"><img title="Crypto Daily: Ethereum dominates Bitcoin in market share ahead of Merge" alt="Crypto Daily: Ethereum dominates Bitcoin in market share ahead of Merge" fetchpriority="high" width="1200" height="628" decoding="async" data-nimg="1" class="directus_image " style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2Fc490e2aa-1259-4efa-a0b9-b6012127f71a.png&w=1200&q=75 1x, /_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2Fc490e2aa-1259-4efa-a0b9-b6012127f71a.png&w=3840&q=75 2x" src="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2Fc490e2aa-1259-4efa-a0b9-b6012127f71a.png&w=3840&q=75"/></div><div class="content_block"><p class="">Unlike normal market conditions in cryptocurrencies, the last few weeks saw Ethereum dominating Bitcoin in market share. Thanks to the hype around Ethereum Merge, Bitcoin’s share of crypto market dropped. With the Merge just around the corner, Bitcoin maximalists would hope for a quick turnaround as the Ethereum upgrade would pass through. Meanwhile, it remains to be seen as to how Ethereum price would react post the upgrade.</p><h3><strong>Bitcoin price recovery after the Merge?</strong></h3><p class="">In this context, technical indicators appear to show increased trading activity in Bitcoin in past few days. For as long as two months, ETH trading overshadowed BTC in terms of the market share. Blockchain experts warned that there could be small issues although chances that it would be a successful upgrade are really high.</p><p class="">According to Crypto Quant analysis, Bitcoin’s share of trading volume has recently regained top position when compared with that of Ethereum. There are also some early signs which are suggesting a shift on which cryptocurrency is leading. After the Ethereum upgrade is done around September 15, the narrative will mostly likely fade out.</p><h3><b>Ethereum price analysis</b></h3><p>Ethereumgained pace above $1,720 and even cleared the $1,750 level, but there was no test of the $1,800 resistance zone. A high was formed near $1,788 before the price started a downside correction, but the bulls remained strong. ETH is now rising and trading near $1,720 and the 100 hourly simple moving average.</p><p>On the upside, there is a key bullish flag pattern forming with resistance near $1,730 on the hourly chart of ETH/USD. The next major resistance is near the $1,750 level.</p><p><a href="https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-10.png"><img loading="lazy" class="alignnone size-full wp-image-502051" src="https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-10.png" sizes="(max-width: 1834px) 100vw, 1834px" srcSet="https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-10.png 1834w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-10-460x212.png 460w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-10-860x396.png 860w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-10-768x354.png 768w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-10-1536x708.png 1536w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-10-750x346.png 750w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-10-1140x525.png 1140w" alt="Ethereum Price" width="1834" height="845" data-pin-no-hover="true"/></a></p><pre>Source: <a href="https://www.tradingview.com/symbols/ETHUSD/" target="_blank" rel="noopener">ETHUSD on TradingView.com</a></pre><p>If Ethereum fails to rise above the $1,750 resistance, it could start a downside correction. An initial support on the downside is near the $1,680 zone.</p><h3>Technical indicators</h3><p>Hourly MACD<strong>–</strong>gaining momentum in the bullish zone</p><p>Hourly RSI<strong> –</strong>above the 50 level</p><p>Major Support Level – $1,680</p><p>Major Resistance Level – $1,750</p><p> </p><p>More real time crypto information — in our<b>Telegram Channel</b><a href="https://t.me/Choise_com_Chat">https://t.me/Choise_com_Chat</a></p></div></div><ul class="sc-a1b0f443-0 fTNNTN news_breadcrumbs"><li><a href="/news">News</a></li><li><a href="/news/dailyanalysis">Daily Analysis</a></li><li><span>Crypto Daily: Ethereum dominates Bitcoin in market share ahead of Merge</span></li></ul><div class="sc-ebb48054-0 hCkBCM"><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/twitter.svg" alt="Crypto Daily: Ethereum dominates Bitcoin in market share ahead of Merge"/></button><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/telegram.svg" alt="Crypto Daily: Ethereum dominates Bitcoin in market share ahead of Merge - Telegram"/></button><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/facebook.svg" alt="Crypto Daily: Ethereum dominates Bitcoin in market share ahead of Merge - Facebook"/></button></div></section></div></section></main><footer id="footer" class="sc-3dbed908-0 fGcfsC"><div style="max-width:1200px" class="sc-7bf978d5-0 jWSTwu center_block "><div class="top_block"><div class="content"><div class="description"><div class="description_information"><p>The website and mobile apps are owned by the company Choise Services UAB. 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Merge","date_created":"2022-09-13T06:19:43.000Z","image":{"filename_disk":"c490e2aa-1259-4efa-a0b9-b6012127f71a.png","width":1200,"height":628},"old_image":null,"seo_image":null,"category":{"id":"82","title":"Daily Analysis","slug":"dailyanalysis","translations":[{"title":"Daily Analysis","seo_title":null,"seo_description":null,"seo_keywords":null}]},"translations":[{"title":"Crypto Daily: Ethereum dominates Bitcoin in market share ahead of Merge","content":"\u003cp class=\"\"\u003eUnlike normal market conditions in cryptocurrencies, the last few weeks saw Ethereum dominating Bitcoin in market share. Thanks to the hype around Ethereum Merge, Bitcoin\u0026#8217;s share of crypto market dropped. With the Merge just around the corner, Bitcoin maximalists would hope for a quick turnaround as the Ethereum upgrade would pass through. Meanwhile, it remains to be seen as to how Ethereum price would react post the upgrade.\u003c/p\u003e\u003ch3\u003e\u003cstrong\u003eBitcoin price recovery after the Merge?\u003c/strong\u003e\u003c/h3\u003e\u003cp class=\"\"\u003eIn this context, technical indicators appear to show increased trading activity in Bitcoin in past few days. For as long as two months, ETH trading overshadowed BTC in terms of the market share. Blockchain experts warned that there could be small issues although chances that it would be a successful upgrade are really high.\u003c/p\u003e\u003cp class=\"\"\u003eAccording to Crypto Quant analysis, Bitcoin\u0026#8217;s share of trading volume has recently regained top position when compared with that of Ethereum. There are also some early signs which are suggesting a shift on which cryptocurrency is leading. After the Ethereum upgrade is done around September 15, the narrative will mostly likely fade out.\u003c/p\u003e\u003ch3\u003e\u003cb\u003eEthereum price analysis\u003c/b\u003e\u003c/h3\u003e\u003cp\u003eEthereumgained pace above $1,720 and even cleared the $1,750 level, but there was no test of the $1,800 resistance zone. A high was formed near $1,788 before the price started a downside correction, but the bulls remained strong. ETH is now rising and trading near $1,720 and the 100 hourly simple moving average.\u003c/p\u003e\u003cp\u003eOn the upside, there is a key bullish flag pattern forming with resistance near $1,730 on the hourly chart of ETH/USD. The next major resistance is near the $1,750 level.\u003c/p\u003e\u003cp\u003e\u003ca href=\"https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-10.png\"\u003e\u003cimg loading=\"lazy\" class=\"alignnone size-full wp-image-502051\" src=\"https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-10.png\" sizes=\"(max-width: 1834px) 100vw, 1834px\" srcset=\"https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-10.png 1834w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-10-460x212.png 460w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-10-860x396.png 860w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-10-768x354.png 768w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-10-1536x708.png 1536w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-10-750x346.png 750w, https://www.newsbtc.com/wp-content/uploads/2022/09/Ethereum-10-1140x525.png 1140w\" alt=\"Ethereum Price\" width=\"1834\" height=\"845\" data-pin-no-hover=\"true\" /\u003e\u003c/a\u003e\u003c/p\u003e\u003cpre\u003eSource: \u003ca href=\"https://www.tradingview.com/symbols/ETHUSD/\" target=\"_blank\" rel=\"noopener\"\u003eETHUSD on TradingView.com\u003c/a\u003e\u003c/pre\u003e\u003cp\u003eIf Ethereum fails to rise above the $1,750 resistance, it could start a downside correction. An initial support on the downside is near the $1,680 zone.\u003c/p\u003e\u003ch3\u003eTechnical indicators\u003c/h3\u003e\u003cp\u003eHourly MACD\u003cstrong\u003e–\u003c/strong\u003egaining momentum in the bullish zone\u003c/p\u003e\u003cp\u003eHourly RSI\u003cstrong\u003e –\u003c/strong\u003eabove the 50 level\u003c/p\u003e\u003cp\u003eMajor Support Level – $1,680\u003c/p\u003e\u003cp\u003eMajor Resistance Level – $1,750\u003c/p\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\u003cp\u003eMore real time crypto information — in our\u003cb\u003eTelegram Channel\u003c/b\u003e\u003ca href=\"https://t.me/Choise_com_Chat\"\u003ehttps://t.me/Choise_com_Chat\u003c/a\u003e\u003c/p\u003e","short_content":"With the Merge just around the corner, Bitcoin maximalists would hope for a quick turnaround as the Ethereum upgrade would pass through.","seo_title":null,"seo_description":"ETH Dominates BTC Market Share: Read about how ETH dominates BTC market share and what it means for the future of cryptocurrency.","seo_keywords":null}]}},"__N_SSP":true},"page":"/news/[category]/[slug]","query":{"category":"dailyanalysis","slug":"eth-dominates-btc-market-share"},"buildId":"Vua0FRVQfWOIDRfrD6P0J","isFallback":false,"isExperimentalCompile":false,"gssp":true,"locale":"en","locales":["en","es"],"defaultLocale":"en","scriptLoader":[]}</script></body></html>