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Matrixport: The current lack of good news in the market supports Ethereum's recovery and is expected to usher in new opportunities for growth next year

Internet reports that Matrixport released today's chart saying that the rebound of Ethereum and other altcoins seems fleeting and it is difficult to form a sustained rise. Judging from the trend of Bitcoin's dominant rate, Bitcoin still firmly controls the market's say. The current lack of obvious good news in the market supports Ethereum's continued recovery. Investor sentiment has become more conservative, and Ethereum's dominance rate has fallen again. Since the launch of the Ethereum ETF in the early summer of 2024, this downward trend has gradually emerged. Even though these funds have attracted billions of dollars in capital inflows, they have not been able to change the decline. For Ethereum investors, it may be necessary to wait patiently. It is expected that in 2025, if the market environment is more favorable, Ethereum is expected to usher in new opportunities to rise, inject confidence into the market and reverse the current downturn.

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