{"id":127224,"date":"2025-04-15T15:17:49","date_gmt":"2025-04-15T15:17:49","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127224"},"modified":"2025-04-15T15:17:49","modified_gmt":"2025-04-15T15:17:49","slug":"ethereum-market-share-nears-historic-lows-as-eth-price-risks-falling-to-1100","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127224","title":{"rendered":"Ethereum market share nears historic lows as ETH price risks falling to $1,100"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsEther\u2019s (ETH) market is very close to hitting all-time lows as a classic bearish chart pattern hints at a deeper correction toward $1,100.<br \/>\nEthereum\u2019s market dominance keeps falling<br \/>\nOn April 9, Ethereum\u2019s market dominance, or the measure of Ether\u2019s share of crypto\u2019s overall market capitalization, hit a new multiyear low of 7.18%, according to Cointelegraph Markets Pro\u00a0and\u00a0TradingView data.\u00a0<br \/>\nThis value was merely a hair\u2019s breadth above the all-time low of 7.09% reached in September 2019.<br \/>\n\u201cEthereum dominance is so very close to registering new all-time lows,\u201d said popular crypto analyst Rekt Capital in an April 13 post on X, adding:<br \/>\n\u201cEthereum Dominance needs to hold this green area to position itself to become more market-dominant over the coming months.\u201d<br \/>\nETH market dominance %. Source: Rekt CapitalEther\u2019s market share is now at its lowest value since 2019-2020. Meanwhile, Ether\u2019s closest competitor in terms of market capitalization, XRP (XRP), has seen its dominance rise by over 200% over the same timeframe.\u00a0\u00a0<br \/>\nIts top layer-1 rival tokens, BNB Chain\u2019s (BNB) and Solana\u2019s (SOL), have also seen 40% and 344% increases in their market dominance since 2023.\u00a0<br \/>\nSeveral reasons for this underwhelming performance\u00a0include weak institutional demand evidenced by negative ETF flows, a sluggish derivatives market, and increasing competition from other layer-1 blockchains.<br \/>\nMore trouble for Ethereum could also be found when analyzing the total value locked (TVL) of competing blockchains.<br \/>\nAlthough Ethereum remains the leader with a market dominance of 51.7%, this metric has decreased from 61.2% in February 2024. In comparison, Solana\u2019s dominance in terms of TVL has increased by 172% over the same period.\u00a0<br \/>\nTotal value locked market share (%). Source: DefiLlamaETH price \u201cbear flag\u201d targets $1,100<br \/>\nEther 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.<br \/>\nRelated: Ethereum could be AI\u2019s key to decentralization, says former core dev<br \/>\nEther\u2019s price action over the past three weeks is painting a possible bear flag pattern on the daily chart, as shown in the figure below. A daily candlestick close below the flag\u2019s lower boundary at $1,600 would signal the start of a massive move downward.<br \/>\nThe flagpole\u2019s height sets the target, putting Ether\u2019s potential price drop target at $1,100, or a 33% drop from the current price.<br \/>\nETH\/USD daily chart with potential bear flag. Source: Cointelegraph\/TradingViewMeanwhile, one key indicator to keep an eye on remains the relative strength index, or RSI, which is still below the 50 mark, suggesting that the market trend still favors the downside.<br \/>\nAs Cointelegraph reported, ETH&#8217;s price may ultimately bottom out at around $1,000 based on several other factors.\u00a0<br \/>\nThis 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.<a href=\"https:\/\/cointelegraph.com\/news\/ethereum-market-dominance-nears-historic-lows-eth-price-risks-falling?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsEther\u2019s (ETH) market is very close to hitting all-time lows as a classic bearish chart pattern hints at a deeper correction toward $1,100. Ethereum\u2019s market dominance keeps falling&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127224"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127224"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127224\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127224"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}