Matrixport "Ethereum to Rise in 2025 Following Institutional Accumulation"

"Weak ETH, Getting Ready to Return"

On-chain analysis platform Matrixport pointed out the underperformance of Ethereum(ETH) amid the strong cryptocurrency market in 2024, claiming that Ethereum will recover its dominance next year and introduce price increases.

In its own report published on Dec. 16, Matrixport pointed out the institutional investors have been buying Ethereum behind Ethereum's decline in dominance.

"Bitcoin(BTC) Dominance has increased from 50% to 61% this year, while Ethereum has fallen from 18% to 13%," the report said. "Ethereum is weakening in the second half of 2024, when a number of altcoins break through the high point."

"Ethereum, which is acting like a weak person, is preparing for a comeback in 2025," he said. "As evidence, the Ethereum spot exchange-traded fund(ETF) in the U.S. recorded a net inflow of $273.6 million last week alone."

Matrixport emphasized that a larger cryptocurrency bull market will return next year and that Ethereum will regain its dominance and solidify its position as the second-largest cryptocurrency by market capitalization. "Ethereum is currently positioned like an underdog, but it will show a noticeable recovery soon," the report said.

권승원 기자 ksw@blockstreet.co.kr