Weiss Ratings, a provider of market research and stock market analyzes of ETFs, investment funds, cryptocurrencies, banks, and insurance companies, dared to say that Ethereum would overtake 50% of the Bitcoin market share in the next 5 years. What's more, the research provider referred to the first and most important cryptocurrency in the world as a "unanimous pony", arguing that Ethereum has better Blockchain technology, and the limit of its use is "the sky itself."
ETH currently has a market value slightly above $25 billion. In January 2018, it lost over 82% of its value. On the other hand, Bitcoin reaches a ceiling of USD 116 billion, or about 61% less than in January. What's more, Bitcoin dominates the market alone, which is more than half of its total capitalization. The dominance of BTC is now 51%, according to data from CoinMarketCap.
Let's now take a look at the ETH/USD technical picture at the H4 time frame. The market is still trading above the trend line support since its bounce from the level of USD 163. The local swing high was made at the level of USD 251 and now the short-term pull-back is in progress. The immediate support is seen at the level of USD 223.
