On December 16th, Matrixport analysis showed that Ethereum failed to keep up with the market pace in the Bitcoin bull market of 2024, with its dominance dropping significantly from 18% to 12%, while Bitcoin dominance climbed to 61% at one point. The launch of Ethereum ETF failed to reverse this trend, and market focus gradually shifted to emerging blockchain ecosystems such as Solana. However, the report points out that 2025 may be a key turning point for Ethereum. The inflow of funds into Ethereum ETF may attract more traditional financial institutions (TradFi) to enter the market, pushing Ethereum to become the "dark horse" of the market and achieving a strong rebound in the future.