On December 16th, Matrixport analysis revealed that Ethereum failed to keep pace with the market during the Bitcoin bull market in 2024. Its dominance rate fell sharply from 18% to 12%, while Bitcoin's dominance rate once climbed to 61%. The launch of the Ethereum ETF failed to reverse this trend, and the market focus gradually shifted to emerging blockchain ecosystems such as Solana. However, the report points out that 2025 may be a key turning point for Ethereum. The inflow of funds into Ethereum ETFs may attract more traditional Financial Institution Groups (TradFi) to enter the market, driving Ethereum to become a "dark horse" in the market and achieve a strong rebound in the future.