Ethereum's position among major cryptocurrencies has been affected as it shows disappointing performance at the current time. Ethereum's market cap volatility has left many retail investors frustrated, despite Bitcoin (BTC), Binance Coin (BNB), Ripple (XRP), and Solana (SOL) showing healthy growth.
According to data from the Santiment analytics platform, since March 2024, ETH prices have dropped significantly compared to other leading cryptocurrencies.
In the two years from 2022 to 2024, Ethereum maintained about 10% of the discourse among major assets. Ethereum's influence in social discourse is currently around 6-7% compared to its previous dominance of 10%.
However, there are emerging signs that ETH will recover from the current situation. Market sentiment towards Ethereum has notably shifted positively in early May 2025, improving significantly after hitting recent lows. Increased attention from Key Opinion Leaders (KOL) on social media may also encourage retail investors to reassess Ethereum.
Confidence has been further bolstered by recent statements from Ethereum co-founder Vitalik Buterin. Buterin outlined plans for ongoing innovation and improvement in the Ethereum ecosystem, giving ETH supporters reasons to anticipate future growth driven by development.
Market and technical data suggest a potential reversal
On-chain data provides additional potential positive signals. Information from CryptoQuant indicates that participants in the ETH derivatives market have recently reduced their selling activity.
Notably, reported net trading volume has turned positive at the end of April, indicating increased buying pressure and competition among buyers.
Technical indicators are also being closely monitored by analysts on platforms like TradingView. Ethereum's 30-day moving average stands at $311,406. The current price indicates a significant progression from previous minimum values.
Market outlook Despite recent price challenges, all these emerging indicators suggest that Ethereum may be approaching a recovery phase, supported by improving market conditions and renewed optimism.
