Matrixport: The current lack of good news in the market supports Ethereum's recovery, and it is expected to usher in new opportunities for growth next year
Matrixport released today's chart saying that the rebound of Ethereum and other counterfeit products seems to be fleeting, and it is difficult to form a sustained rise. Judging from the trend of Bitcoin's dominance, Bitcoin still has the voice over the market.
The current market lacks clear positive news to support the continued recovery of Ethereum. Investor sentiment has turned conservative, and the dominance rate of Ethereum has fallen again. Since the launch of the Ethereum ETF in the early summer of 2024, this downward trend has gradually emerged, even though these funds have attracted billions of dollars in inflows, it has not changed the decline.
For Ethereum investors, patience may be required. It is expected that in 2025, if the market environment is more favorable, Ethereum is expected to usher in a new opportunity for growth, injecting confidence into the market and reversing the current downturn.