Matrixport: The current market lacks positive news to support Ethereum's rebound, but a new opportunity for an increase is expected next year

ChainCatcher news, Matrixport released today's chart stating that the rebound of Ethereum and other altcoins seems fleeting and struggles to form a sustained rise. From the trend of Bitcoin's dominance, Bitcoin still firmly holds the market's discourse power.

The current market lacks obvious positive news to support Ethereum's continued recovery. Investor sentiment is becoming conservative, and Ethereum's dominance has once again declined. Since the launch of the Ethereum ETF in early summer 2024, this downward trend has gradually become apparent. Even though these funds have attracted billions of dollars in inflows, they have not been able to change the downward momentum.

For Ethereum investors, patience may still be required. It is expected that in 2025, if the market environment becomes more favorable, Ethereum is likely to welcome new upward opportunities, injecting confidence into the market and reversing the current sluggish state.