Ethereum Dominance Drops to 13%. Next, a Drop to 9% Before a Recovery in 2025

Ethereum Dominance Drops to 13%. Next, a Drop to 9% Before a Recovery in 2025

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  • Ethereum’s⁢ dominance⁣ has‍ dropped below ⁢14%
  • Short-term net ⁤inflows​ are ⁣showing selling pressure, while long-term‌ outflows suggest potential accumulation

Ethereum (ETH)
‘s‌ market dominance⁢ has decreased to ‌13.36% from 18.85%⁣ a year ago. This reflects a ⁣notable decline ⁤in ETH’s overall share of the crypto market, as ⁢highlighted by
analyst Benjamin Cowen
.
This‌ drop indicates ongoing selling pressure, particularly ⁣since ETH struggles⁢ to⁢ maintain​ higher levels of dominance.

Historically, Ethereum ⁣has⁣ faced resistance‌ at ‌the 16% and‌ 22% dominance⁢ thresholds, having failed ‍to surpass these points on several occasions ⁢since ⁢2018. Its current ⁢descent is part of a descending triangle pattern ⁣— typically signaling a ‌bearish trend.

Source: TradingView.

The accompanying chart illustrates the​ upper trendline marking lower highs and the lower trendline serving ​as a long-term support level..

Could ETH experience a free fall towards 9-10% dominance?

Cowen suggests that​ if the downward trend persists, we may expect the next ‍considerable ⁢support⁢ level between 9% and 10%.​ This ​would⁤ signify an‍ even steeper decline caused by reduced buying interest.

If broader ​market trends do⁤ not favor altcoins over upcoming months, historically significant ⁣support around the 9% mark could become​ vital for ETH. span > p >


This support might stabilize ETH’s dominance while laying groundwork for potential recovery in 2025.​ Should ‍ETH dip below this threshold ‌it could imply prolonged underperformance compared to other altcoins and ​the wider crypto landscape.

The recent price movements⁢ and‍ market activities ⁣of⁢ Ethereum.



Ethereum ⁢traded at $2,542.29 at press time; ⁢registering​ a ​daily increase of⁤ .59%, alongside a -3.11 % dip⁤ over last​ week ⁤with ⁤trading ‍volume⁤ averaging around $17.6 billion—indicating active trading activity.
Market capitalization was estimated at $306 .29 billion with ‌circulating supply totaling about120 millionETH. As noted by p >

DefiLlama ,

Analysis ⁢via ‌Netflow reveals short-term bearish tendencies

​ ⁢

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