Ethereum is facing increasing pressure as its market share inches toward historic lows. Once the undisputed leader of smart contract platforms, ETH now finds itself in a battle to maintain relevance amid rising competition and shifting investor sentiment.
According to recent data, Ethereum’s dominance in the crypto market is close to levels not seen since its early days. At the same time, bearish chart formations suggest a steep correction could be imminent—possibly sending ETH down to $1,100 if key support levels fail.
Market analysts are closely watching Ethereum’s price action, noting a troubling descending triangle pattern on the daily chart. Historically, this kind of formation often precedes a breakdown, especially when accompanied by declining trading volume and weakening momentum.
If Ethereum fails to hold the $1,600–$1,500 zone, a sharp drop to the $1,100 level could follow. This forecast adds fuel to the fire for ETH bears, as traders start reallocating funds to faster, cheaper, and more scalable alternatives like Solana and Avalanche.
NEW: Ethereum market share nears all-time lows as bearish chart signals potential $ETH price drop to $1,100. pic.twitter.com/oYjKQouyes
— Cointelegraph (@Cointelegraph) April 15, 2025
Part of Ethereum’s challenge lies in the emergence of high-performance layer-1s and rollups that are attracting both developers and users. These newer chains offer lower fees, faster transactions, and a growing ecosystem of DeFi and NFT projects—all areas where Ethereum once led.
If Ethereum cannot regain its edge through upgrades like Danksharding and improved L2 adoption, it risks losing more ground—not just in market share, but in cultural and technical relevance as well.
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