Bitcoin dominance risks breaking 18-month uptrend on Ether ETF launch

Ethereum ETFs may spark a new "altseason," traders suggest, with Bitcoin losing market share after hitting two-year highs.

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Bitcoin (BTC) and Ether (ETH) traded down 3.5% on May 24 as a long-awaited institutional milestone failed to boost markets.

Data from Cointelegraph Markets Pro and TradingView showed BTC price action lingering near $67,000, with ETH price at $3,670.

Both had offered a muted reaction to news that United States regulators had approved the launch of spot Ether exchange-traded funds (ETFs).

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