TechFlow news, on December 23, Matrixport released a chart indicating that the rebound in Ethereum and other altcoins appears fleeting and struggles to sustain upward momentum. Judging from the trend of Bitcoin's dominance, Bitcoin continues to firmly control market narrative.
The current market lacks clear positive catalysts to support a sustained recovery in Ethereum. Investor sentiment is turning cautious, and Ethereum's dominance has declined again. Since the launch of Ethereum ETFs in early summer 2024, this downward trend has gradually emerged—even though these funds attracted billions of dollars in inflows, they have failed to reverse the bearish outlook.
For Ethereum investors, more patience may be required. It is expected that in 2025, if market conditions become more favorable, Ethereum could seize new opportunities for growth, restore market confidence, and reverse its current sluggish state.
