Right now, the chart is in a very critical state because the long-held upward trend support has been broken downward.

Especially along the blue upward trend line that started from the March dips, #Ethereum dominance was consistently making higher lows. This structure indicated that ETH was gaining strength in the market. However, with the latest drop, this trend has been broken downward and the price has retreated back to the 10.5% area.
With this breakdown, Ethereum has begun to lose market leadership in the short term. Capital may be moving out of ETH into Bitcoin or smaller altcoins. In the most recent rally, it appears that ETH is not strong enough to carry the market.
On the chart, the 11.38% level in particular has become an important resistance. Every upward move has been met with selling from this area. This also shows that there is still strong supply against ETH in the market.
At the moment, the most critical support is the 10.5% area, because the recent low was formed there. This is the first area of support after the breakout. Psychologically, it creates the possibility of a double bottom scenario.
If the 10.5% support holds,
a rebound in Ethereum dominance could begin. A recovery toward the 10.8–11% band may be seen. In this scenario, $ETH could regain strength against some altcoins.
However, if the 10.5% breaks downward, the chart will have formed a new lower low. The next strong support is around the 10.1% area. This would imply a deeper weakening in Ethereum’s market share.
If ETH dominance weakens, #Bitcoin dominance strengthens. Outflows from altcoins are observed.
One of the notable points on the chart is that the decline is very impulsive—dominance is not fading slowly; it is falling sharply under heavy selling pressure. Because of this, a strong short-term reversal signal in favor of ETH does not yet seem to have formed.
⚠️ This is not #reklam or investment advice. This analysis is my personal opinion. It is not definitive.