Matrixport: The current market lacks positive news to support Ethereum's rebound, and Ethereum's dominance rate has once again declined

Matrixport released a chart today stating that the rebound of Ethereum and other altcoins seems to be fleeting, making it difficult to sustain an upward trend. Judging from the trend of Bitcoin's dominance rate, Bitcoin still firmly controls market discourse. The current market lacks obvious positive news to support Ethereum's continuous recovery. Investor sentiment tends towards conservatism, and Ethereum's dominance rate has fallen again. Since the launch of the 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 downturn. For Ethereum investors, patience may still be needed. It is expected that by 2025, if the market environment is more favorable, Ethereum may welcome a new opportunity for growth, injecting confidence into the market and reversing its current slump.