Ethereum Badly needs Blood Transfusion
Ethereum's market dominance has fallen to 7.18%, close to its all-time low.
Quick overview
- Ethereum's market dominance has dropped to 7.18%, nearing its all-time low.
- A bearish flag pattern suggests a potential price correction to $1,100, indicating a 33% decline from current levels.
- The Relative Strength Index (RSI) remains below 50, reinforcing Ethereum's bearish outlook.
- Whale investors, including those affiliated with Trump, have sold significant amounts of Ethereum, contributing to its ongoing decline.
Live ETH/USD Chart
Ethereum’s market dominance has fallen to 7.18%, close to its all-time low. A bearish chart pattern suggests a potential correction at $1,100 in the coming months..
Ethereum’s dominance has reached critical levels..
A technical analysis of ETH’s price indicates that a “bearish flag” pattern has formed on the daily chart, signaling that the downtrend will likely persist. Short sellers need a daily close below $1,600 to maintain a significant market correction.
The target of this technical pattern, determined by the height of the flagpole, suggests a possible decline to $1,100, representing a 33% drop from current levels.
Relative Strength Index (RSI) affirmed ETH’s bearish outlook, which remains below 50.
This decline reflects Ethereum’s ongoing loss of strength relative to its direct competitors. Analyst Rekt Capital notes that Ethereum’s dominance decreased from 20% in June 2023 to 8% in 2025, dropping even lower to about 7.1% at the time of writing.
Deribit data showed options traders are placing bearish bets on Ethereum. The amount had been invested in contracts that will pay out if the price of Ethereum doesn’t rise above $1,800 in April. Many of those bearish wagers anticipate that Ethereum’s price will plummet to $1,300.
Trump-affiliated World Liberty is among the whale investors who have dumped Ethereum in a wave due to its ill-fated state. Eric Trump, Trump’s son, stated that now is a “great time to add Ethereum.”
Ethereum dropped by over 40% since then, and the Trump family’s cryptocurrency project is selling the asset for a steep loss. Last week, the DeFi project sold $8 million worth of Ethereum, according to Arkham Intelligence data.
The project lost 55% of its Ethereum investment after the sale. Ethereum’s community shows weakness, and the cryptocurrency has lost its edge. The overall decline in the cryptocurrency market hasn’t helped the price performance.
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