According to news on December 16, Matrixport analysis showed that Ethereum failed to keep up with the market in the Bitcoin bull market in 2024, and its dominance rate dropped sharply from 18% to 12%, while Bitcoin’s dominance rate once climbed to 61% . The launch of Ethereum ETF failed to reverse this trend, and the market focus gradually turned to emerging blockchain ecosystems such as Solana. However, the report points out that 2025 may be a key turning point for Ethereum. The capital inflow of Ethereum ETF may attract more traditional financial institutions (TradFi) to enter the market, pushing Ethereum to become a "dark horse" in the market and achieve a strong rebound in the future.