Odaily Planet Daily reported that Matrixport released a chart today stating that Ethereum seems to have failed to keep up with the market pace during the Bitcoin bull market of 2024. Bitcoin's dominance rate rose from 50% to 61%, before falling back to 54%, while Ethereum's dominance rate plummeted from 18% to 12%. This decline has been particularly evident since the listing of Ethereum ETFs, with its dominance rate showing a nearly linear downward trend. Meanwhile, market focus has gradually shifted towards Solana and other emerging blockchain ecosystems. However, 2025 may become a key turning point for Ethereum. The inflow of funds into Ethereum ETFs has been strong, potentially attracting traditional financial institutions (TradFi) to accelerate their entry and begin large-scale accumulation of Ethereum, as we mentioned in our report last week. Although Bitcoin is the protagonist of this round of market action, Ethereum may become a 'dark horse' and achieve a strong rebound in the future.

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