04-15-2025, 07:05 PM
Ethereum market share nears historic lows as ETH price risks falling to $1,100
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTIvMDE5M2U3YTAtYzgzMS03NDM0LTk1NTQtYmY3MzFmMDVmOGE0.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTIvMDE5M2U3YTAtYzgzMS03NDM0LTk1NTQtYmY3MzFmMDVmOGE0.jpg" alt="Ethereum market share nears historic lows as ETH price risks falling to $1,100"></p><p>Ether’s (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="null" target="null" text="null" title="null">ETH</a>) market is very close to hitting all-time lows as a classic bearish chart pattern hints at a deeper correction toward $1,100.<h2>Ethereum’s market dominance keeps falling</h2><p>On April 9, Ethereum’s market dominance, or the measure of Ether’s share of crypto’s overall market capitalization, hit a new multiyear low of 7.18%, according to <a data-ct-non-breakable="null" href="https://subscription.cointelegraph.com/?_gl=1*7499wx*_ga*MTQ0MzQ0NzI4Ny4xNzE2MzY1NTA0*_ga_53R24TEEB1*MTcxNjM2NTUwNC4xLjEuMTcxNjM2Njg2MC4wLjAuMA.." rel="null" target="null" text="null" title="null">Cointelegraph Markets Pro</a> and <a data-ct-non-breakable="null" href="https://www.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="null" target="null" text="null" title="null">TradingView data</a>. </p><p>This value was merely a hair’s breadth above the all-time low of 7.09% reached in September 2019.</p><p>“Ethereum dominance is so very close to registering new all-time lows,” said popular crypto analyst Rekt Capital in an April 13 post on X, adding:</p><blockquote>“Ethereum Dominance needs to hold this green area to position itself to become more market-dominant over the coming months.”</blockquote><figure><img src="https://s3.cointelegraph.com/uploads/2025-04/019639ad-7741-758c-b951-280d095aee14" title="" alt="Ethereum market share nears historic lows as ETH price risks falling to $1,100"><figcaption style="text-align: center;"><p><em>ETH market dominance %. Source: </em><a data-ct-non-breakable="null" href="https://x.com/rektcapital/status/1911166128229093578" rel="null" target="null" text="null" title="https://x.com/rektcapital/status/1911166128229093578"><em>Rekt Capital</em></a></p></figcaption></figure><p>Ether’s market share is now at its lowest value since 2019-2020. Meanwhile, Ether’s closest competitor in terms of market capitalization, XRP (<a data-ct-non-breakable="null" href="https://cointelegraph.com/xrp-price-index" rel="null" target="null" text="null" title="null">XRP</a>), has seen its dominance rise by over 200% over the same timeframe. </p><p>Its top layer-1 rival tokens, BNB Chain’s (<a data-ct-non-breakable="null" href="https://cointelegraph.com/binance-coin-price-index" rel="null" target="null" text="null" title="null">BNB</a>) and Solana’s (<a data-ct-non-breakable="null" href="https://cointelegraph.com/solana-price-index" rel="null" target="null" text="null" title="null">SOL</a>), have also seen 40% and 344% increases in their market dominance since 2023. </p><p><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/3-reasons-why-ethereum-price-keeps-falling" rel="null" target="null" text="null" title="null">Several reasons for this underwhelming performance</a> include weak institutional demand evidenced by negative ETF flows, a sluggish derivatives market, and increasing competition from other layer-1 blockchains.</p><p>More trouble for Ethereum could also be found when analyzing the <a data-ct-non-breakable="null" href="https://cointelegraph.com/explained/what-is-total-value-locked-tvl-in-crypto-and-why-does-it-matter#:~:text=It%20is%20the%20total%20value,in%20the%20previous%20two%20years." rel="null" target="null" text="null" title="null">total value locked</a> (TVL) of competing blockchains. </p><p>Although Ethereum remains the leader with a market dominance of 51.7%, this metric has decreased from 61.2% in February 2024. In comparison, Solana’s dominance in terms of TVL has increased by 172% over the same period. </p><figure><img src="https://s3.cointelegraph.com/uploads/2025-04/019639ad-7c85-715b-a1a5-96db170d892e" title="" alt="Ethereum market share nears historic lows as ETH price risks falling to $1,100"><figcaption style="text-align: center;"><p><em>Total value locked market share (%). Source: DefiLlama</em></p></figcaption></figure><h2>ETH price “bear flag” targets $1,100</h2><p>Ether price, or the ETH/USD trading pair, is expected to resume its prevailing bearish momentum despite recovering from recent lows as a classic (bearish) chart pattern emerges.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ai-presents-huge-opportunity-ethereum-eth-dev" rel="null" target="null" text="null" title="https://cointelegraph.com/news/ai-presents-huge-opportunity-ethereum-eth-dev"><em><strong>Ethereum could be AI’s key to decentralization, says former core dev</strong></em></a></p><p>Ether’s price action over the past three weeks is painting a possible <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/how-to-trade-bull-and-bear-flag-patterns" rel="null" target="null" text="null" title="null">bear flag pattern</a> on the daily chart, as shown in the figure below. A daily candlestick close below the flag’s lower boundary at $1,600 would signal the start of a massive move downward.</p><p>The flagpole’s height sets the target, putting Ether’s potential price drop target at $1,100, or a 33% drop from the current price.</p><figure><img src="https://s3.cointelegraph.com/uploads/2025-04/019639ad-817e-7f41-9e7c-3fa6ceb4ede5" title="" alt="Ethereum market share nears historic lows as ETH price risks falling to $1,100"><figcaption style="text-align: center;"><p><em>ETH/USD daily chart with potential bear flag. Source: Cointelegraph/</em><a data-ct-non-breakable="null" href="https://www.tradingview.com/x/A8DxIjj0/" rel="null" target="null" text="null" title="https://www.tradingview.com/x/A8DxIjj0/"><em>TradingView</em></a></p></figcaption></figure><p>Meanwhile, one key indicator to keep an eye on remains the relative strength index, or <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/here-s-3-ways-the-relative-strength-index-rsi-can-be-used-as-a-sell-signal" rel="" target="_self" text="null" title="https://cointelegraph.com/news/here-s-3-ways-the-relative-strength-index-rsi-can-be-used-as-a-sell-signal">RSI</a>, which is still below the 50 mark, suggesting that the market trend still favors the downside.</p><p>As Cointelegraph <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ethereum-price-data-highlights-1-000-as-the-final-bottom-for-eth" rel="" target="_self" text="null" title="https://cointelegraph.com/news/ethereum-price-data-highlights-1-000-as-the-final-bottom-for-eth">reported</a>, ETH's price may ultimately <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ethereum-price-data-highlights-1-000-as-the-final-bottom-for-eth" rel="null" target="null" text="null" title="null">bottom out at around $1,000</a> based on several other factors. </p><p class="post-content__disclaimer" type="">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.</p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template><p><br></p></p>
</p>
https://cointelegraph.com/news/ethereum-...er_inbound
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTIvMDE5M2U3YTAtYzgzMS03NDM0LTk1NTQtYmY3MzFmMDVmOGE0.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTIvMDE5M2U3YTAtYzgzMS03NDM0LTk1NTQtYmY3MzFmMDVmOGE0.jpg" alt="Ethereum market share nears historic lows as ETH price risks falling to $1,100"></p><p>Ether’s (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="null" target="null" text="null" title="null">ETH</a>) market is very close to hitting all-time lows as a classic bearish chart pattern hints at a deeper correction toward $1,100.<h2>Ethereum’s market dominance keeps falling</h2><p>On April 9, Ethereum’s market dominance, or the measure of Ether’s share of crypto’s overall market capitalization, hit a new multiyear low of 7.18%, according to <a data-ct-non-breakable="null" href="https://subscription.cointelegraph.com/?_gl=1*7499wx*_ga*MTQ0MzQ0NzI4Ny4xNzE2MzY1NTA0*_ga_53R24TEEB1*MTcxNjM2NTUwNC4xLjEuMTcxNjM2Njg2MC4wLjAuMA.." rel="null" target="null" text="null" title="null">Cointelegraph Markets Pro</a> and <a data-ct-non-breakable="null" href="https://www.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="null" target="null" text="null" title="null">TradingView data</a>. </p><p>This value was merely a hair’s breadth above the all-time low of 7.09% reached in September 2019.</p><p>“Ethereum dominance is so very close to registering new all-time lows,” said popular crypto analyst Rekt Capital in an April 13 post on X, adding:</p><blockquote>“Ethereum Dominance needs to hold this green area to position itself to become more market-dominant over the coming months.”</blockquote><figure><img src="https://s3.cointelegraph.com/uploads/2025-04/019639ad-7741-758c-b951-280d095aee14" title="" alt="Ethereum market share nears historic lows as ETH price risks falling to $1,100"><figcaption style="text-align: center;"><p><em>ETH market dominance %. Source: </em><a data-ct-non-breakable="null" href="https://x.com/rektcapital/status/1911166128229093578" rel="null" target="null" text="null" title="https://x.com/rektcapital/status/1911166128229093578"><em>Rekt Capital</em></a></p></figcaption></figure><p>Ether’s market share is now at its lowest value since 2019-2020. Meanwhile, Ether’s closest competitor in terms of market capitalization, XRP (<a data-ct-non-breakable="null" href="https://cointelegraph.com/xrp-price-index" rel="null" target="null" text="null" title="null">XRP</a>), has seen its dominance rise by over 200% over the same timeframe. </p><p>Its top layer-1 rival tokens, BNB Chain’s (<a data-ct-non-breakable="null" href="https://cointelegraph.com/binance-coin-price-index" rel="null" target="null" text="null" title="null">BNB</a>) and Solana’s (<a data-ct-non-breakable="null" href="https://cointelegraph.com/solana-price-index" rel="null" target="null" text="null" title="null">SOL</a>), have also seen 40% and 344% increases in their market dominance since 2023. </p><p><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/3-reasons-why-ethereum-price-keeps-falling" rel="null" target="null" text="null" title="null">Several reasons for this underwhelming performance</a> include weak institutional demand evidenced by negative ETF flows, a sluggish derivatives market, and increasing competition from other layer-1 blockchains.</p><p>More trouble for Ethereum could also be found when analyzing the <a data-ct-non-breakable="null" href="https://cointelegraph.com/explained/what-is-total-value-locked-tvl-in-crypto-and-why-does-it-matter#:~:text=It%20is%20the%20total%20value,in%20the%20previous%20two%20years." rel="null" target="null" text="null" title="null">total value locked</a> (TVL) of competing blockchains. </p><p>Although Ethereum remains the leader with a market dominance of 51.7%, this metric has decreased from 61.2% in February 2024. In comparison, Solana’s dominance in terms of TVL has increased by 172% over the same period. </p><figure><img src="https://s3.cointelegraph.com/uploads/2025-04/019639ad-7c85-715b-a1a5-96db170d892e" title="" alt="Ethereum market share nears historic lows as ETH price risks falling to $1,100"><figcaption style="text-align: center;"><p><em>Total value locked market share (%). Source: DefiLlama</em></p></figcaption></figure><h2>ETH price “bear flag” targets $1,100</h2><p>Ether price, or the ETH/USD trading pair, is expected to resume its prevailing bearish momentum despite recovering from recent lows as a classic (bearish) chart pattern emerges.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ai-presents-huge-opportunity-ethereum-eth-dev" rel="null" target="null" text="null" title="https://cointelegraph.com/news/ai-presents-huge-opportunity-ethereum-eth-dev"><em><strong>Ethereum could be AI’s key to decentralization, says former core dev</strong></em></a></p><p>Ether’s price action over the past three weeks is painting a possible <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/how-to-trade-bull-and-bear-flag-patterns" rel="null" target="null" text="null" title="null">bear flag pattern</a> on the daily chart, as shown in the figure below. A daily candlestick close below the flag’s lower boundary at $1,600 would signal the start of a massive move downward.</p><p>The flagpole’s height sets the target, putting Ether’s potential price drop target at $1,100, or a 33% drop from the current price.</p><figure><img src="https://s3.cointelegraph.com/uploads/2025-04/019639ad-817e-7f41-9e7c-3fa6ceb4ede5" title="" alt="Ethereum market share nears historic lows as ETH price risks falling to $1,100"><figcaption style="text-align: center;"><p><em>ETH/USD daily chart with potential bear flag. Source: Cointelegraph/</em><a data-ct-non-breakable="null" href="https://www.tradingview.com/x/A8DxIjj0/" rel="null" target="null" text="null" title="https://www.tradingview.com/x/A8DxIjj0/"><em>TradingView</em></a></p></figcaption></figure><p>Meanwhile, one key indicator to keep an eye on remains the relative strength index, or <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/here-s-3-ways-the-relative-strength-index-rsi-can-be-used-as-a-sell-signal" rel="" target="_self" text="null" title="https://cointelegraph.com/news/here-s-3-ways-the-relative-strength-index-rsi-can-be-used-as-a-sell-signal">RSI</a>, which is still below the 50 mark, suggesting that the market trend still favors the downside.</p><p>As Cointelegraph <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ethereum-price-data-highlights-1-000-as-the-final-bottom-for-eth" rel="" target="_self" text="null" title="https://cointelegraph.com/news/ethereum-price-data-highlights-1-000-as-the-final-bottom-for-eth">reported</a>, ETH's price may ultimately <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ethereum-price-data-highlights-1-000-as-the-final-bottom-for-eth" rel="null" target="null" text="null" title="null">bottom out at around $1,000</a> based on several other factors. </p><p class="post-content__disclaimer" type="">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.</p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template><p><br></p></p>
</p>
https://cointelegraph.com/news/ethereum-...er_inbound