Ethereum price is recovering... but why is $ETH dominance still falling?
$BTC is holding the main market narrative, but Ethereum is showing a more mixed picture right now. ETH is trading around ~$2,314 and gained about 1.5% today, yet its market dominance keeps slipping as other chains fight for attention.
This doesn't mean Ethereum is suddenly weak. It looks more like the market is getting more competitive. Newer blockchains are attracting users with faster transactions, lower fees, stronger DeFi apps, and reward programs that pull liquidity into different ecosystems.