Ethereum market share at its lowest since 2021 – Is recovery possible?

• ETH’s market share dropped to document 2020 lows of seven%. 
• Analyst projected a shock 20% restoration within the subsequent two weeks. 

Ethereum [ETH] market share has declined from over 20% to close document lows of seven%. In the course of the 2021 bull cycle, ETH’s market share surged to 22%.

Up to now three years, the altcoin’s market dimension fluctuated between 16%-20% however later tanked in 2024. 

Total, ETH’s dimension has declined 67% to a 5-year document low of seven% amid tariff uncertainty and an overwhelmingly unfavourable sentiment in direction of the altcoin. 

Supply: ETH/USDT, TradingView

ETH/BTC ratio down 77%

Over the identical interval, BTC has outperformed the pioneer in sensible contracts and DeFi. The ETH/BTC ratio, which tracks ETH’s relative value efficiency to BTC, additionally dipped to a 5-year low of 0.018.

That’s a whopping 77% decline for the reason that shift from PoW (Proof-of-Work) to PoS (Proof-of-Stake). 

Supply: ETH/USDT, TradingView

Equally, ETH’s worth has declined 64% from over $4K to $1.5K. The bearish sentiment wasn’t restricted to the retail market alone. Establishments’ urge for food for the altcoin additionally slowed down in 2025. 

Not like December 2024, which attracted over $2 billion in month-to-month inflows into spot ETH ETFs, Q1 2025 noticed weak demand. Per Soso Worth information, there have been about $100M or under in inflows in January and February.

Nevertheless, practically $500M have been withdrawn from the merchandise since March. 

Supply: Soso Worth

Regardless of the overwhelmingly unfavourable sentiment, Ethereum has lined up a number of key upgrades, together with Pectra and Fusaka.

The updates purpose to reinforce cheaper and sooner L1 and L2 transactions to rival fierce opponents like Solana [SOL]. 

One other potential optimistic catalyst could be approval of staking on ETH ETFs, with the subsequent key deadline in June. Within the meantime, whether or not ETH will mark a backside round $1.5K stays to be seen.

Nevertheless, dealer Michael van de Poppe projected ETH could possibly be 20% by the tip of April or early Might, citing oversold situations on the weekly chart that sign a possible reversal. 

“I wouldn’t be shocked to see a 20% upwards candle on $ETH within the coming 1-2 weeks.”