The fight between Bitcoin and Ethereum dominance is very interesting to follow and we all know Bitcoin has always dominated the cryptocurrency market and for now it looks like Ethereum is getting closer to Bitcoin and Ethereum Supply will deflation decrease -2% a year after The Merge proof of stake later. Will a new king of the cryptocurrency market willcome?
I don't see an ongoing fight between these two as you have mentioned. Both have different utilities. BTC is the Pathfinder and obviously the biggest cryptocurrency. ETH on the other hand is the biggest layer one protocol.
So, I don't see how ETH is coming closer to BTC. Is it in dominance or in utilities?
Long time ago, bitcoin and ethereum were seen as rivals by their different communities and there was a time in which ethereum got really close to surpassing bitcoin in terms of its market cap and dominance, but since then the distance that separates the two has enlarged to the point that it is a mistake to think of both of them as competitors, each coin is designed to do something different and they are pretty good at what they do, so I think the same as you do and I do not see any kind of battle for the dominance of this market at all.