Ethereum Dominance Falls,But Whales Are Buying
Ethereum (ETH) is facing tough times,with its dominance dropping to a low of 8%. This decline is part of a broader sell-off affecting many altcoins. Tariffs and market uncertainty are key factors, impacting both Bitcoin and stocks.
Over the past year, Ethereum’s price has fallen by 46%, performing worse than Bitcoin. Crypto analyst Rekt Capital notes that ETH’s market share has dropped from 20% to 8% as June 2023. Despite this, history suggests a potential rebound when dominance hits such lows. Could this be a buying opportunity?
Large investors, or “whales,” seem to think so. As ETH hovers below $2,000, these investors are increasing their holdings. Data from IntoTheBlock shows a rise in large transactions. From 4.41k on April 2 to over 4.61k on April 4. On-chain data reveals significant whale activity. Three wallets have bought over $41, acquired for more than $65.5 million. the holdings have an average buying price of $1,959.
Lookonchain’s X post highlights a new wallet spending $20.78M on 11,463 ETH. Another whale has been buying since March 26, 2025, acquiring ETH at lower prices. This suggests confidence in Ethereum’s future despite current challenges.
