Crypto analyst Matthew Hyland suggests that Bitcoin's market dominance may have peaked as Ethereum's price continues to rise. Hyland noted on the X platform that if Ethereum maintains its upward trend against Bitcoin, there is a 99% likelihood that Bitcoin's market share has reached its peak. Over the past week, Bitcoin's market share has decreased by 1.85%, with funds reportedly flowing into Ethereum and other altcoins. Crypto trader Ash Crypto attributes the decline in Bitcoin's dominance to increased investment in Ethereum and altcoins, indicating growing market confidence in the broader altcoin ecosystem. Additionally, trader Cas Abbe highlighted that Ethereum is currently forming a bull flag pattern, suggesting a potential breakout is imminent.