Semler Scientific posted a 22.2% year-to-date Bitcoin yield in the first quarter of this year, outperforming major corporate BTC holders like Strategy and Riot Platforms. In its Q1 2025 earnings report released May 13, Semler Scientific, a publicly traded medical…

Semler Scientific outpaces Bitcoin giants with 22.2% YTD BTC yield despite Q1 loss

**Key takeaways** :
 * Ethereum&#8217;s market dominance has hit overbought RSI levels not seen since May 2021, historically followed by major pullbacks.
 * ETH/USD is showing a bearish divergence on the four-hour chart, hinting at a potential 10-15% price correction.
 * Despite the near-term risks, some analysts view a pullback as a &#8220;buy-the-dip&#8221; setup before a possible move toward $3,500-$3,800.
Ether (ETH) has surged over 50% month-to-date in May, vastly outperforming the 
broader crypto market&#8217;s 15.25% gain. The rally has pushed Ethereum&#8217;s market 
dominance (ETH.D) back toward the critical 10% threshold for the first time 
since March.
But the rising dominance accompanies signs of overheating, indicating that 
Ethereum bulls should not celebrate its recent rally just yet.
## Ether&#8217;s RSI most overextended since May 2021
The strong recovery in Ethereum&#8217;s crypto market share has pushed its daily 
relative strength index (RSI) to its most overbought zone since May 2021, 
raising red flags for traders betting on further upside, at least in the short 
term.
Historically, such extreme RSI levels on ETH.D have marked the beginning of 
major pullbacks. One notable instance occurred in early July 2024, when ETH 
dominance peaked near similar RSI levels.
_ETH.D daily performance chart. Source: TradingView_
Over the following 315 days, ETH.D dropped by more than 17.5%. The current RSI 
spike, again above 80, mimics a similar setup, suggesting that Ethereum could 
be nearing a local top in its market share.
Adding to the bearish outlook, ETH.D remains below its 200-day exponential 
moving average (200-day EMA; the blue wave). This resistance level has 
repeatedly capped Ethereum&#8217;s dominance during previous recovery attempts.
Previous overbought pullbacks have initially pushed Ethereum&#8217;s market share 
toward its 50-day EMA (the red wave).
The ETH.D metric, therefore, risks declining toward its current 50-day EMA 
support at around 8.24% by June, suggesting potential capital rotation out of 
Ethereum markets to other coins in the coming weeks.
## Bearish divergence signals 15% ETH price drop
On the four-hour ETH/USD chart, a classic bearish divergence is emerging, 
where Ethereum&#8217;s price continues to print higher highs, but momentum 
indicators trend lower.
Crypto trader AlphaBTC noted that ETH is showing &#8220;three clear drives of 
divergence,&#8221; a setup often preceding trend exhaustion. He added that key 
Fibonacci levels align with potential support zones, suggesting a pullback 
could be imminent.
_ETH/USD four-hour price chart. Source: AlphaBTC_
With ETH hovering near the $2,740 Fibonacci extension, profit-taking pressure 
may intensify, opening the door for a short-term correction toward lower Fib 
levels at around $2,330 or even $2,190, down 10-15% from the current prices.
Independent market analyst Michael van de Poppe suggests ETH&#8217;s decline in the 
coming weeks could serve as a &#8220;buy-the-dip opportunity,&#8221; indicating that the 
cryptocurrency would eventually climb over $3,500.
_**Related:**__**Altcoins &#8216; roaring returns and falling USDT stablecoin 
dominance suggest &#8216;altseason&#8217; is here**_
Veteran trader Peter Brandt further predicts a &#8220;moon shot&#8221; rally to over 
$3,800.
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Ethereum retakes 10% market share, but ETH bulls shouldn't celebrate yet

South Korea could soon follow Hong Kong in legalizing spot Bitcoin exchange- 
traded funds (ETFs), as the country&#8217;s top presidential candidates have 
expressed pro-crypto positions.
Still, some industry observers remain cautious about the likelihood of near- 
term regulatory change.
&#8220;All three major South Korean presidential candidates support #Bitcoin ETFs 
and institutional investment,&#8221; Ki Young Ju, the founder and CEO of onchain 
data platform CryptoQuant, wrote in a May 14 X post.
Currently, Bitcoin ETFs and institutional crypto investments are banned in 
South Korea, meaning that &#8220;100% [of the] volume comes from retail,&#8221; Ju added.
_Source:__Ki Young Ju_
 _**Related:**__**Bitcoin more of a &#8216;diversifier&#8217; than safe-haven asset: 
Report**_
On May 6, South Korea&#8217;s Democratic Party leader Lee Jae-myung promised to 
legalize spot crypto ETFs, lower transaction fees and &#8220;create a safe 
investment environment so that young people can [build] assets and plan for 
the future, according to a report from The Korean Economic Daily (KED).
The Democratic Party made similar promises in its 2024 election campaign, 
including the legalization of spot crypto ETFs, but progress has been delayed, 
KED reported.
_**Related:**__**SEC delays Solana ETF as decisions for Polkadot, XRP loom**_
## Candidates back ETFs, but history casts doubt
While the crypto-friendly perspectives of the leading candidates suggest a 
promising future for digital asset legislation in South Korea, regulation 
experts remain skeptical.
&#8220;The candidates&#8217; pro-crypto pledges to push to legalize spot Bitcoin ETFs and 
reduce fees signal a potential shift. But history tempers optimism,&#8221; Anndy 
Lian, author and intergovernmental blockchain adviser, told Cointelegraph, 
adding:
&gt; &#8220;They will take on similar stances as Hong Kong. Whether the ETFs can 
&gt; perform or not depends on various other factors.&#8221;
&#8220;A pro-crypto president could drive reform, aligning South Korea with global 
trends like the US, where Bitcoin ETFs have attracted over billions in net 
inflows,&#8221; Lian said, adding that the Financial Services Commission&#8217;s tone also 
suggested &#8220;regulatory openness&#8221; for cryptocurrencies.
However, the People Power Party, elected in 2022, also promised to lift the 
crypto ETF ban and revise the controversial one-exchange-one-bank rule, &#8220;but 
failed to act before President Yoon&#8217;s impeachment,&#8221; Lian said.
Over in Hong Kong, the first batch of Bitcoin and Ether-based ETFs launched 
for trading on April 30, 2024, but saw disappointing trading activity compared 
to their US counterparts, Cointelegraph reported.
_**Magazine:**__**Altcoin season to hit in Q2? Mantra &#8216;s plan to win trust: 
Hodler&#8217;s Digest, April 13 &#8211; 19**_

Top South Korean presidential hopefuls support legalizing Bitcoin ETFs

Bitcoin is trading at $104,071, with a total market capitalization of $2.067 
trillion and a 24-hour trading volume of $30.25 billion. Over the last 24 
hours, bitcoin moved within a price range of $103,108 to $104,836, indicating 
a narrow consolidation near recent highs. Bitcoin Despite exhibiting strong 
bullish momentum on the daily chart, bitcoin appears […]

Bitcoin Price Watch: Daily Momentum Strong, But Short-Term Charts Signal Caution

The Ethereum Foundation has unveiled the “Trillion Dollar Security” 
initiative, a wide-ranging effort to scale Ethereum’s security infrastructure 
to a level capable of supporting trillions of dollars in onchain value. 
Announced on May 14, the program reflects Ethereum’s (ETH) ambition…

ETH momentum continues as Foundation unveils ‘Trillion Dollar Security’ plan

Global asset management firm UBS found that their high net worth clients have 
chosen to abandon the dollar as well as its linked assets in favor of 
investing in more alternative assets such as gold and crypto. According to a…