Matrixport's chart released today shows that the rebound of Ethereum and other altcoins seems hard to sustain, while Bitcoin continues to dominate the market. From on-chain data, Ethereum lacks significant positive news, and investor sentiment is turning cautious, leading to a further decline in its dominance. Since the launch of the Ethereum ETF in early summer 2024, despite attracting a large influx of funds, it has failed to reverse the downward trend. Looking ahead, if the market environment improves in 2025, Ethereum may have a new opportunity for growth, reviving market confidence. Investors need to remain patient and wait for market changes.