Over the past two years, Ethereum's dominance in the cryptocurrency market has been on a steady decline, indicating a shift in investor focus away from ETH towards Bitcoin and other alternative cryptocurrencies like Solana and XRP. Despite this trend, analysts view this situation as a unique opportunity to accumulate ETH.

Analyst Rekt Capital noted a significant decrease in Ethereum dominance (ETH.D) from 20% in June 2023 to 8% in 2025, currently standing around 7.3%. This metric represents the proportion of Ethereum's market capitalization relative to the total crypto market capitalization, reflecting waning interest in ETH compared to other assets.

Rekt Capital highlighted a historical pattern where Ethereum's dominance tends to rebound from a particular support zone, suggesting a potential market strength recovery. This observation led to a positive outlook on a potential resurgence of ETH's dominance.

Another analyst, CryptoAnup, identified a promising opportunity when ETH.D reaches record lows, indicating a favorable time to accumulate ETH before a new growth phase commences.

However, recent data showed that ETH whale addresses have been actively selling, contributing to the decline in ETH's price and market dominance. Furthermore, Glassnode data indicated a decrease in the percentage of profitable ETH supply to a four-year low, suggesting a rare buying opportunity if this metric falls below 30%.

Venturefounder underscored the significance of Ethereum's current market value aligning with its on-chain realized value, signaling a potential buying window that historically precedes price rallies. Despite ETH's decline from its late-2024 peak, it remains a prominent DApp platform, with DApp fee revenue exceeding $1 billion in Q1 2025.

Anticipated upgrades to the Ethereum network, such as Pectra and Fusaka, scheduled for launch in mid-2025 and late 2025, respectively, are expected to enhance network performance, potentially bolstering investor confidence in the platform.