PANews reported on December 23 that Matrixport stated that the rebound strength of Ethereum and other altcoins was limited and it was difficult to form a sustained rise, while Bitcoin still firmly controlled the market dominance. The market currently lacks significant positive news support, and Ethereum's dominance rate has further declined. Since the launch of the Ethereum ETF in early summer 2024, despite attracting billions of dollars in capital inflows, it has failed to reverse the downward trend. Analysts believe that Ethereum investors may need to wait for a more favorable market environment, and it is expected that a new round of rising opportunities will be ushered in in 2025, helping the market to get rid of the current downturn.
