Ethereum Dominance Expected to Exceed 20 by YearEnd Predicts Crypto Analyst

Bullish sentiments continue to flow into the Ethereum (ETH) network as regulatory clarity in the United States improves. Institutional investors are increasing their Ethereum holdings in anticipation of a significant rally.
Bitwise Asset Management recently disclosed in a revised S-1 registration that it has invested $2.5 million in its spot Ether ETF.
On-chain data reveals that the amount of Ethereum available on centralized exchanges is currently at its lowest level in years.
Ethereum’s Dominance
The Ethereum network has evolved into a prominent web3 ecosystem, boasting over $62 billion in total value locked (TVL) and a stablecoin market cap exceeding $79 billion.
Despite the emergence of new layer-one chains like Solana (SOL), Cardano (ADA), and Toncoin (TON), Ethereum has maintained a market dominance of approximately 18 percent in recent years.
ETH.D is indicating that it has been consolidating within a rectangle pattern with some fluctuations, hinting at a potential breakout above the 20% mark in the third or fourth quarter.
Crypto analyst Wolf (IamCryptoWolf) predicts that Ethereum’s market dominance is on the verge of surpassing 20 percent by the end of the year.
Looking Ahead
Ethereum’s dominance in the upcoming altseason faces competition from a multitude of digital assets, particularly meme coins.
While Ethereum has gained regulatory clarity similar to Bitcoin in various jurisdictions, investors are increasingly drawn to undervalued small cap altcoins that have the potential for substantial growth in the near future.
Additionally, Bitcoin’s dominance has been decreasing over time, suggesting a similar trend for Ethereum. Bitcoin’s dominance is approaching a key resistance level, indicating a possible reversal in the near future.