Close Menu
ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

True Markets Raises $11M Series A, Launches Mobile-First DeFi Trading App on Solana

May 20, 2025

Bitget Wallet Unveils Brand Update, $1M Incentive Campaign

May 20, 2025

Hottest 5 Bitcoin Dogecoin Cloud Mining Sites to Easily Mine

May 20, 2025
X (Twitter) Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
X (Twitter) Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    True Markets Raises $11M Series A, Launches Mobile-First DeFi Trading App on Solana

    May 20, 2025

    Bitget Wallet Unveils Brand Update, $1M Incentive Campaign

    May 20, 2025

    Bitcoin News (BTC): KULR Boosts Bitcoin Treasury to 800 BTC

    May 20, 2025

    Blackrock, Fidelity, Ark 21shares Fuel $667 Million Surge in Bitcoin ETFs

    May 20, 2025

    Bitcoin is signaling a golden cross — What does it mean for BTC price?

    May 20, 2025

    Bitcoin privacy tool Payjoin receives $100K grant from Maelstrom

    May 20, 2025

    Bitcoin Will Go ‘Much, Much Higher’ as US Government Needs To Borrow More Money Than We Think: Arthur Hayes

    May 20, 2025

    Sorry bears — Bitcoin analysis dismisses $107K BTC price double top

    May 20, 2025

    Price predictions 5/19: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI

    May 19, 2025

    Hoskinson promises audit, is ‘deeply hurt’ by $600M Cardano treasury claims

    May 19, 2025

    US crypto funds top $7.5B inflows in 2025 as investor appetite grows

    May 19, 2025

    Vitalik Buterin proposes partially stateless nodes for Ethereum scaling

    May 19, 2025

    Quantum Biopharma adds to crypto holdings

    May 19, 2025

    Crypto.com, Canary launch CRO fund in US

    May 19, 2025

    Community sales are the future of crypto fundraising

    May 19, 2025

    Trader Predicts Ethereum Rally to All-Time Highs, Expects Bullish Continuation for Chainlink and One Solana Rival

    May 19, 2025

    True Markets Raises $11M Series A, Launches Mobile-First DeFi Trading App on Solana

    May 20, 2025

    Bitget Wallet Unveils Brand Update, $1M Incentive Campaign

    May 20, 2025

    Hottest 5 Bitcoin Dogecoin Cloud Mining Sites to Easily Mine

    May 20, 2025

    Bitcoin News (BTC): KULR Boosts Bitcoin Treasury to 800 BTC

    May 20, 2025
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Videos

    Bitcoin Parabolic: Escape the Fiat System NOW!

    May 19, 2025

    Buy These Altcoins! (Congress About to GREENLIGHT Crypto Bill THIS WEEK!)

    May 19, 2025

    URGENT: Crypto Holders – It's a TRAP!! What Comes NEXT?? (Do NOT Be Fooled!)

    May 19, 2025

    Million Dollar Bitcoin?

    May 19, 2025

    Bitcoin's KEY Levels, Altseason Incoming, XMR, ENA, HYPE & More

    May 19, 2025
ApeWatcher News
Home » Ethereum bounces back as market dominance recovers from all-time low
Ethereum bounces back as market dominance recovers from all-time low
Ethereum

Ethereum bounces back as market dominance recovers from all-time low

Coin TelegraphBy Coin TelegraphApril 23, 20250 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum’s price has surged after having been in the doldrums for weeks, helping boost its market share after it hit record lows.

Ether (ETH) has surged almost 15% over the past 24 hours, topping $1,800 on April 23. It has outperformed Bitcoin, which notched a 6% gain, and the wider crypto market, which has climbed almost 5% to reclaim a total market value of $3 trillion. 

Ether has now managed to recover almost 30% since its April 9 crash to $1,400, leading some analysts to suggest that the worst may be over for the world’s second-largest crypto asset.

“You can hate Ethereum all you want, but when it has a big day, the entire crypto ecosystem goes up,” crypto trader and analyst “Income Sharks” commented to their 640,000 X followers.

Market analyst “Ash Crypto” said ETH was “about to explode,” drawing comparison from the current chart pattern for Ether to that for Bitcoin’s performance in late 2024. 

BTC vs ETH performance and prediction. Source: Ash Crypto 

Jeff Mei, chief operating officer at the crypto exchange BTSE, was not conviced Ethereum was moving idependently, and told Cointelegraph that Ether’s gain “was largely due to it tracking the price of Bitcoin and the overall market,” and that that Paul Atkins’ confirmation as chair of the US Securities and Exchange Commission had boosted overall market sentiment.

Earlier this month, ETH had fallen back to bear market prices and had seen its market share dwindle amid a wide market downturn marred by fears of a trade war. 

On April 22, analyst “Rekt Capital” said that ETH’s market dominance has fallen back to all-time lows but “managed to protect 2019 all-time lows as support.” 

ETH dominance fell to its September 2019 low of 7% on April 22, according to TradingView. However, its subsequent price pump has seen that share bounce off this critical support level and return above 7.5% on April 23. 

ETH dominance lows. Source: Rekt Capital

Fundamental catalysts supporting the move

10x Research’s Markus Thielen told Cointelegraph that it hasn’t taken much to drive Ethereum higher, as a “heavily shorted market is now experiencing a squeeze.” 

Related: Ethereum Foundation shifts focus to user experience, layer-1 scaling 

Technically, Ethereum was oversold on both daily and weekly timeframes, setting the stage for a rebound, he said. 

“With the upcoming upgrade moving to mainnet, there’s also a fundamental catalyst supporting the move.” 

Magazine: Altcoin season to hit in Q2? Mantra’s plan to win trust: Hodler’s Digest

Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Price predictions 5/19: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI

May 19, 2025

Hoskinson promises audit, is ‘deeply hurt’ by $600M Cardano treasury claims

May 19, 2025

US crypto funds top $7.5B inflows in 2025 as investor appetite grows

May 19, 2025

Vitalik Buterin proposes partially stateless nodes for Ethereum scaling

May 19, 2025

Bitcoin impulse move toward new highs sets a fire under HYPE, ETH, XMR and AAVE

May 19, 2025

‘History Rhymes’ – Analyst Sees Ethereum Sparking 2020-Style Rallies, Outlines Path to New All-Time High for Solana

May 19, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Articles

True Markets Raises $11M Series A, Launches Mobile-First DeFi Trading App on Solana

May 20, 2025

Bitget Wallet Unveils Brand Update, $1M Incentive Campaign

May 20, 2025

Hottest 5 Bitcoin Dogecoin Cloud Mining Sites to Easily Mine

May 20, 2025
ApeWatcher News
X (Twitter) Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2025 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.