Matrixport released today's chart saying that the rebound of Ethereum and other altcoins seems to be fleeting and difficult to form a sustained rise. Judging from the trend of Bitcoin's dominance rate, Bitcoin still firmly controls the market's voice.
The current market lacks obvious good news to support Ethereum's continued recovery. Investor sentiment tends to be conservative, and Ethereum's dominance rate has fallen again. Since the launch of the Ethereum ETF in the early summer of 2024, this downward trend has gradually emerged, and even though these funds have attracted billions of dollars in capital inflows, they have not been able to change the downward trend.
For Ethereum investors, it may still take patience. It is expected that in 2025, if the market environment is more favorable, Ethereum is expected to usher in a new opportunity for growth, inject confidence into the market, and reverse the current downturn.