The Merge has finally launched on Ethereum [ETH] and nothing has been the same ever since. What had hoped to be a major bullish event has turned into a short-term beacon of pain for ETH traders.
However, the post-Merge crypto market is witnessing a strange trend reversal as Ethereum‘s trading volume share hit an all-time high. This pattern put an end to Bitcoin BTC‘s trading dominance and even raised questions of its favouritism in the crypto community.ETH registered nearly 2/3rd of the market share of trading volume during last week’s sell-off. The crypto market also observed this shift in narrative for some time as ETH tripled its market share since 2020. This suggested a “durable shift” in market structure away from BTC.