Ethereum's market dominance has declined, but whale transactions and increased daily burns could drive ETH prices higher.

Despite its market share of just over 15%, ETH is above its key weekly moving average, showing a strong uptrend.

Smart whales actively bought and profited when prices fell, indicating their optimism about ETH's future. In addition, ETH's daily burns increased by 163%, which further reduced supply and helped boost prices.

Therefore, despite the challenges, ETH's outlook remains positive #HMSTR开盘 #美国二季度核心PCE符合预期 #你有多少HMSTR？ Official account: Pumpkin Strategy (early review strategy analysis of Bitcoin BTC and Ethereum ETH from Monday to Saturday, long-term recommendation of high-quality coins and live analysis, and occasional sharing of Cai Fu Mi Ma)