Ethereum market share nears historic lows as ETH price risks falling to $1,100

Ethereum’s market dominance has decreased to 7.18%, while a bear flag points to a deeper ETH price correction toward $1,100 in the coming weeks.

Ether’s (ETH) market is very close to hitting all-time lows as a classic bearish chart pattern hints at a deeper correction toward $1,100.

On April 9, Ethereum’s market dominance, or the measure of Ether’s share of crypto’s overall market capitalization, hit a new multiyear low of 7.18%, according to Cointelegraph Markets Pro and TradingView data. 

This value was merely a hair’s breadth above the all-time low of 7.09% reached in September 2019.

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