Is Bitcoin’s 61% Share the Final Nail for ETH?

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• Ethereum Dominance share hits 8%, a five-year low, as Bitcoin dominance climbs to 61% near $2 trillion.
• Institutional demand fuels Bitcoin ETFs, while Ethereum products bleed outflows, widening the dominance gap.

Ethereum’s share of the total cryptocurrency market has dropped to 8%, its lowest level since 2019, according to data from ETHNews. This decline occurred despite broader market gains in 2024, a period when many digital assets saw upward price trends.

Ethereum, however, underperformed compared to other large-cap cryptocurrencies, with its dominance metric—a measure of its market capitalization relative to the entire crypto sector—sinking steadily since mid-2024.

The current 8% dominance level mirrors lows last observed during the COVID-19 market slump in 2020. Back then, Ethereum’s share rebounded sharply within months, climbing back to double digits.

This time, technical indicators diverge: the Relative Strength Index (RSI) for Ethereum remains in oversold territory, yet prices hover near two-year lows without signs of recovery. ETHNews analysts suggest sustained risk aversion among retail traders has limited buying activity, preventing the asset from gaining traction.

Bitcoin’s dominance rose from 54% to 61% by late 2024, pushing its total market value close to $2 trillion. Institutional investors have prioritized Bitcoin, particularly after the U.S. Federal Reserve cut interest rates three times and political developments, such as former President Donald Trump’s pro-crypto statements, fueled speculation. These factors redirected capital away from Ethereum, which ended 2024 with a 47% annual gain but lost 4% in market share.

Ethereum-based investment products, including ETFs, have also struggled. Data shows consistent outflows from these funds, contrasting with rising institutional demand for Bitcoin. ETHNews note that Bitcoin is increasingly viewed as a refuge during macroeconomic uncertainty, a role Ethereum has not yet captured.

Technical patterns and on-chain metrics offer little optimism for a near-term turnaround. Ethereum’s price remains tethered to a narrow range, while Bitcoin’s dominance continues to expand. For Ethereum to reverse its slide, ETHNews analysts say it must attract sustained institutional interest or catalyze network upgrades that reignite trader confidence.

The contrast between the two cryptocurrencies highlights evolving investor priorities—where Bitcoin’s scarcity and regulatory clarity now overshadow Ethereum’s utility in decentralized applications.

Ethereum (ETH) is $1,805.40 USD, showing minimal movement in the last session with a 0.00% change. Despite today’s flat performance, ETH has been struggling under persistent bearish pressure. Over the past seven days, it has declined by 1.35%, and in the past month, it is down by approximately 18.17%, reinforcing a longer-term downward trend that began earlier this year.

Year-to-date, Ethereum has lost 45.86% of its value, making it one of the worst-performing major cryptocurrencies in 2025 so far. ETH recently experienced its weakest monthly close in over seven years, and it has now logged four consecutive months of losses. The price has remained locked in a broad consolidation range between $1,750 and $1,840, which has become a critical zone for either a bounce or further downside.

Technical indicators currently show a neutral outlook. While short-term oscillators don’t point to immediate upside, the presence of large-scale accumulation by ETH whales (130,000+ ETH purchased during recent dips) may suggest growing long-term interest.

If Ethereum can reclaim and hold above the $1,850–$1,880 resistance zone, a move back to the $2,000 mark becomes more probable. However, failure to hold above $1,750 could open the door for a further slide toward $1,550.