The Ethereum Merge hype saw the market value of Ethereum (ETH) dominate Bitcoin (BTC) in the cryptocurrency market.
BTC investors are hoping for a recovery as soon as possible as the ETH upgrade will pass, but investors should still observe the ETH price reaction after the upgrade.
As context, technical indicators show an increase in BTC trading activity in the past few days, and even BTC price will rise again if Ethereum Merge has any obstacles or issues to resolve.
However, Blockchain experts insist that success will be achieved even though minor problems may occur during the Ethereum Merge process.
In addition, it is very likely that the narrative will fade after the ETH upgrade on September 15 and this will cause the market to change.
It was also explained that there will be a change in BTC dominance pattern after Ethereum Merge as BTC trading volume share has gained top position compared to ETH.
Furthermore, the cross-over in BTC shows that the cryptocurrency will become more dominant on the exchange in terms of trading volume including being able to beat ETH.
Bottom line, ETH price is at $1,726 which is down 1.43% in the last 24 hours, while BTC is at $22,412, up 13.37% in the last 24 hours.
