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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
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- 📢 Gate Square #TopContentChallenge# is coming! Post high-quality content and win exclusive rewards!
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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
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The dominance of Ethereum (ETH) is declining, but the signals are still important.
According to Gate News bot, Coindoo reports that despite Ethereum's market dominance declining since 2020 due to the rise of competing L1 and L2 chains (such as Solana, Avalanche, Arbitrum, and Base), the whale activity on Ethereum (ETH) still shows a strong correlation with the overall price trend of Bitcoin.
In the face of a potential double top structure, the lack of Whale exits indicates that bullish momentum may still continue, as major holders have not shown signs of profit-taking.
The article states that caution remains necessary, especially if future capital outflows begin to surge unexpectedly. Given the ongoing correlation of trading flows, the next movement of Ethereum may align with Bitcoin.
Although the current market structure is similar to the peak in 2021, on-chain behavior shows a more patient and possibly optimistic attitude. Ethereum whales have not exited the market yet.