• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: BREAKING: Senate Passes Historic Stablecoin Bill, Marking Major Win For Crypto
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Senate Passes Historic Stablecoin Bill, Marking Major Win For Crypto
ethereum vitalik buterin

Ethereum Dominance Slides 3% In Last 24 Hours, Price Touches $2,500

Best Owie
by Best Owie
3 years ago
·
Posted in Ethereum
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum dominance has been on the up in the last couple of years. The cryptocurrency which is only about half as old as its predecessor bitcoin has managed to steal the largest market share from the pioneer cryptocurrency, making it the second most valuable digital asset in the market. However, maintaining such a large market share can prove to be daunting and Ethereum has continued to lose dominance.

Ethereum Dominance Drops 3%

Ethereum dominance had been climbing throughout the multiple bull rallies of 2021, touching as high as 22% at one point. This was a testament to the growth of the network, as well as the rapid adoption that was taking place. Both of which were being propelled forward by the advent of the decentralized finance (DeFi) and non-fungible tokens (NFTs) space.

Related Reading | Fantom Foundation Responds To Andre Conje’s Departure

Going into the new year, Ethereum at first looked to be holding on to the growth from the previous year. However, two months into 2022 and it is apparent that the digital asset is taking a different route.

After peaking at 22.40% in December of 2021, Ethereum’s market dominance has been in a downtrend. So far, it has lost about 4% of its dominance in the two months that followed. Most recently, the cryptocurrency saw about 3% shaved off its dominance in a 24-hour period.

Ethereum dominance chart from TradingView.com

ETH dominance drops 3% | Source: Market Cap ETH Dominance on TradingView.com

Most of this decline was recorded in the late hours of Sunday going into the early hours of Monday. It saw Ethereum’s dominance drop from 18.40% where it had been trending during the weekend to 18.08% in the early hours of Monday. It is the second significant decline that has happened in the span of a week after ETH’s dominance had dropped from 18.49% to 18.14% on Friday, March 4th.

ETH Retests $2,500

Ethereum has fallen to the dreaded $2,500 level. This had been a long time coming given the low momentum recorded by the digital asset in the past week. The failure to secure any kind of significant support contributed greatly to this decline, pushing ETH down further to its next support level of $2,522. This support level, while not strong, was still important for ETH and a break below this will put it on a path towards $2,000.

Related Reading | Almost $70 Million In Crypto Donated To Ukraine So Far As War Rages On

ETH has continued to fluctuate at this point, touching above and below this support level at intervals. Further proof that bulls have been unable to provide strong support at this point.

With the asset now firmly below its 50-day SMA, it has established itself in bear territory for the short term. A failure to recover above $2,600 would likely see the digital asset pushed farther down as bears continue to mount significant sell pressure on the cryptocurrency.

Featured image from Admiral Markets, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Best Owie

Best Owie

Follow

Best Owie is a Managing Editor at Bitcoinist with extensive experience and a proficient expert known for crafting captivating and insightful content. Best boasts over six years in the crypto sector, and has supervised the conception and publication of thousands of articles. Best is also a content and marketing strategist with the ability to make sure your content reaches the right audience and beyond. In every aspect, Best stands out as a consummate professional, always striving for unparalleled excellence both within and outside the workplace.

Full Profile

Related Posts

Ethereum Outperforms Bitcoin During Geopolitical Chaos – Is Altseason About To Ignite?

Ethereum Outperforms Bitcoin During Geopolitical Chaos – Is Altseason About To Ignite?

17 hours ago
Ethereum

Ethereum Whale Frenzy: Big-Money Buying Hits Scale Unseen Since 2017

1 day ago
Ethereum

Analyst Says Ethereum Is Ready To Surge With Higher Lows Against Bitcoin, But There’s A Caveat

1 day ago
Ethereum

Ethereum Eye Potential Parabolic Upsurge – Here’s The Short-Term Target

2 days ago
Ethereum

The 5 Bullish Cases That Says Ethereum Price Could Reach $10,000 In 2025

3 days ago
Ethereum price

Can Ethereum Price Return To $4,000? Analyst Says ETH Needs To Hold Above This Support

4 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • FUNToken Announces Deflationary Update, Achieves Certik...

    10 minutes ago
  • Solana holders earn $6,580 a day through cloud mining as...

    13 minutes ago
  • Bitcoin price falls below $104,000, but investors keep...

    1 hour ago
  • As DOGE recovers, APT Miner cloud mining becomes popular...

    1 hour ago
  • Get a steady 6,500 passive income in the divergence of XRP...

    1 hour ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.