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RE: How Would an ETH Flippening Affect the Cryptocurrency Market?

I don't think Bitcoin will be overthrown either this year or even next decade. Dominance will fall, obviously, but it won't seep into ETH solely but more into coins that are out of the top10. Bitcoin has the first to market advantage not to mention that ETH and BTC have completely different use cases : BTC has store of value as opposed to the traditional forms like gold and stocks and in the future currency whereas ETH is the big Dapp platform that uses smart contracts.
Also think about new projects like NEO, ADA and LISK, for instance that are tapping into that market and are not that far away from ETH in terms of Market Cap.