Matrixport: The current market lacks positive news to support Ethereum's recovery, and Ethereum's dominance rate has fallen again

Odaily reported that Matrixport released a chart today, indicating that the rebound of Ethereum and other Altcoins appears to be short-lived and difficult to sustain. Looking at the trend of Bitcoin's dominance, Bitcoin still firmly controls the market discourse. The current market lacks obvious positive news to support the continued recovery of Ethereum. Investor sentiment is becoming more conservative, and Ethereum's dominance is declining again. This downward trend has gradually emerged since the launch of Ethereum ETFs in early summer 2024, even though these funds have attracted billions of dollars in inflows, they have failed to reverse the downturn. For Ethereum investors, they may need to wait patiently. It is expected that in 2025, if the market environment becomes more favorable, Ethereum may usher in a new opportunity for growth, injecting confidence into the market and reversing the current sluggish state.