As discussions continue regarding Ethereum’s (ETH) recent performance in the cryptocurrency market, many believe that 2025 could mark a pivotal year for the second-largest altcoin. A report published by Matrixport highlights that Ethereum 
$3,915 currently lags behind Bitcoin (BTC) 
$103,831 but possesses the potential for a different trajectory in the future.
Decline in Ethereum’s Dominance
In the Bitcoin-centric bull market of 2024, Ethereum faces a decline in market share. While Bitcoin’s market dominance increased from 50% to 61% before falling back to 54%, Ethereum’s dominance dropped from 18% to 12%. This decline has gained momentum, particularly following the launch of spot Ethereum ETFs.
According to Matrixport’s analysis, this decline in Ethereum’s market dominance has occurred almost linearly. Meanwhile, Solana 
$215 (SOL) and other next-generation blockchain ecosystems have become the focal point in the market. This situation is seen as an indication that Ethereum is currently not capturing attention like Bitcoin.
Anticipated Surge in 2025
Matrixport believes that 2025 could be a significant turning point for Ethereum. The high demand for spot Ethereum ETFs may trigger a heavy influx of traditional financial institutions (TradFi) toward ETH assets. These entries are expected to exert upward pressure on ETH prices.
Additionally, in a report released last week, Matrixport noted that Ethereum could become a “surprise player” in the Bitcoin bull market. Experts anticipate that Ethereum could recover from its current low levels and experience a notable price increase. If this scenario unfolds, Ethereum is expected to regain its position against rival projects like Solana.
Despite differing opinions on Ethereum’s future, experts believe that the growing interest of traditional finance in blockchain technology could provide a critical advantage for the altcoin leader. Developments in the coming days and weeks will reveal whether Ethereum can reach the anticipated turning point. A positive development in this regard is likely to have a direct positive impact on the altcoin market.
