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Is the Ethereum market share at its lowest since 2021 – is the recovery possible?

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      • The ETH market share fell to record 2020 low by 7%.
      • The analyst projected a surprise recovery of 20% in the next two weeks.

      Ethereum (ETH) The market share increased from more than 20% to low records of 7%. During the 2021 bull cycle, the ETH market share increased to 22%.

      Over the past three years, the size of the Altcoin market has fluctuated between 16% and 20%, but then sang in 2024.

      Overall, the size of the ETH decreased by 67% to a record rate of 5 years of 7% in the midst of pricing uncertainty and an extremely negative feeling towards Altcoin.

      Ethereum Ethereum

      Source: ETH / USDT, tradingView

      ETH / BTC report down 77%

      During the same period, BTC surpassed the pioneer of intelligent contracts and DEFI. The ETH / BTC ratio, which follows the performance of the relative prices of the BTC ETH, also dropped to a lower 0.018.

      This represents a drop of 77% since the passage of the POW (proof of work) to the POS (proof of implementation).

      EthnEthn

      Source: ETH / USDT, tradingView

      Likewise, ETH value has decreased by 64% by more than $ 4,000 to $ 1.5,000. The lowering feeling was not limited to the retail market. The appetite of institutions for Altcoin also slowed down in 2025.

      Unlike December 2024, which attracted more than $ 2 billion in monthly entrances to ETH ETH ETH, the first quarter of 2025 experienced a low demand. According to Soso Value Data, there were about $ 100 million or less in the entrances in January and February.

      However, nearly $ 500 million has been removed from products since March.

      EthereumEthereum

      Source: Soso value

      Despite the extremely negative feeling, Ethereum has aligned several key upgrades, notably Pectra and Fusaka.

      Updates aim to improve L1 and L2 transactions cheaper and faster to compete with ferocious competitors like Solana (soil).

      Another potential positive catalyst would be the approval of the implementation of ETH ETH, with the next key deadline in June. In the meantime, if eTh will mark a down It remains to be seen about $ 1.5,000.

      However, the merchant Michael Van de Poppe projected The ETH could be 20% at the end of April or early May, citing surveillance conditions on the weekly graph which report a potential reversal.

      “I would not be surprised to see an increase up of 20% on $ ETH in the next 1-2 weeks.”

      According to: CEO of Mantra to burn her chips while OM falls 88% – a daring movement of confidence?

      Source link

      post url: https://altcoin.observer/is-the-ethereum-market-share-at-its-lowest-since-2021-is-the-recovery-possible/

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