- ETH dominance sits at 7.33%, facing rejection below all major moving averages.
- MACD shows no bullish momentum, keeping downside pressure firmly in place.
- Support at 7.00% may be tested soon if selling pressure on ETH dominance persists.
Ethereum’s market dominance has been steadily shrinking, raising concerns among traders and analysts. From August 2024 to April 2025, its share of the total crypto market has consistently declined.
ETH dominance currently sits at 7.33%, down significantly from previous levels. This drop reflects a broader shift in capital allocation, where alternative chains and emerging narratives continue drawing attention.
Despite occasional price rebounds, Ethereum’s dominance has failed to break key resistance levels. The trend appears poised to continue unless a major shift occurs. Additionally, no clear signs of strength have emerged in technical indicators. Hence, the likelihood of a near-term reversal remains low unless sentiment dramatically improves.
Bearish Structure Remains Intact Below Key Resistance Levels
Ethereum dominance continues to form lower highs and lower lows on the daily chart. This consistent structure indicates a well-established downtrend. All major moving averages are reinforcing this weakness.
The 21-day simple moving average (SMA) stands at 8.52% and acts as immediate resistance. Meanwhile, the 50-day SMA, currently near 9.75%, presents a tougher barrier. Long-term sentiment is even more bearish, as the 200-day SMA remains far above at 11.48%.
All three SMAs are positioned above the current dominance level and slope downward. This alignment reflects sustained selling pressure and investor caution. Significantly, the MACD indicator also fails to provide any bullish divergence.
Both the MACD and signal lines are flat around -0.39%. The histogram remains slightly red, suggesting weak momentum and the possibility of further downside. Without a strong bounce above the 21 or 50 SMA, upside potential looks severely limited.
Support Zones in Focus as Market Awaits Next Move
With ETH dominance hovering near 7.33%, this zone acts as a soft support level. However, it lacks historical strength. If this level breaks, traders may look toward the psychological 7.00% mark for support.
A deeper decline could test previous historical levels around 6.80%, which may act as a more meaningful cushion. Consequently, ETH dominance may grind lower unless strong bullish catalysts emerge.
Despite a slight 1.53% price rise over the last 24 hours, Ethereum’s broader performance remains muted. The coin trades at $1,594.71, with a market cap near $192.47 billion. Its weekly gain of just 0.26% confirms stagnant momentum.
