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Matrixport: The current market lacks positive news to support Ethereum's recovery, and it is expected to usher in a new opportunity for growth next year

According to a chart released today by Matrixport, the rebound of Ethereum and other altcoins seems to be short-lived and difficult to maintain continuous growth. Looking at the trend of Bitcoin dominance, Bitcoin still firmly controls the market discourse.

There is a lack of obvious positive news to support the continued recovery of Ethereum in the current market. Investor sentiment tends to be conservative, and Ethereum's dominance rate has once again declined. Since the launch of Ethereum ETF in early summer 2024, this downward trend has gradually emerged, even though these funds have attracted billions of dollars in capital inflows, they have not been able to change the situation.

For Ethereum investors, patience may still be needed. 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 sluggish state.

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