Ethereum DEX Dominance: ETH Reclaims Top Spot Despite $170 Billion Market Wipeout!

Ethereum has reclaimed its position as the preeminent blockchain for decentralized exchange (DEX) trading. After overtaking Solana in March of 2025, Ethereum reclaimed the crown as dEx trading’s monarch, solidifying its longstanding strength within the DeFi ecosystem despite discomforting issues such as a severely low ETH burn rate and declining transaction fees. Network dominance was reinforced as Ethereum DEXs actively traded $64 billion in trading volume on platforms like Uniswap and Curve Finance.

Ethereum Reclaims DEX Leadership Amidst Market Challenges

Ethereum has reclaimed its standing as the top blockchain for DEX trading after outperforming Solana in March 2025. Ethereum DEX trading volume amounts to about $64 billion, making it the clear leader over Solana by 22% with its $52 billion trading volume.  The shift in DEX activity emerged when hype over Solana’s meme coins was subsiding, causing trading volumes on platforms such as Raydium and Pump.fun to dry up. The network’s ETH burn rate has dropped to historic lows, and there has been an increase in the total ETH supply since the launch of EIP-1559.

Ethereum value has been depressed in the markets, dropping 45% by the end of Q1 2025, prompting hesitant institutional buys and altered price predictions for ETH. Ethereum still faces challenges and opportunities, as witnessed in the Ethereum news of the last week. Being a top DEX once again only in March, Ethereum has recorded trading volumes of $64 billion. The outlook for Ethereum is meanwhile split among analysts, with conservative predictions for a year-end price tagged around $2,591, while bullish views speak of a price above $10,000 being feasible by 2025 and going further to $30,000 by 2030. 

Ethereum Price Prediction: Will ETH Breakout or Retest Support?

Ethereum’s recent price action is when Ethereum was valued at $1918 on April 2nd, where early trading set a support level at around $1,851. Immediately afterward. The MACD indicator has produced several crossovers, with golden crosses suggesting bullish trends around 01:35, 06:25, and 12:40 UTC, whereas death crosses are suggesting bearish pressure that was noted particularly around 09:50 and 20:25 UTC. Resistance at about $1,920 was retested by mid-session, with a breakout above it occurring around 20:20 UTC. After this, the bullish action slowed, and a sudden sell-off set in, breaking below the earlier support around $1,850, and later testing a new support level at $1,781. 

Chart 1, analysed by anushrivarshney2613, published on TradingView, April 3, 2025

On April 3rd, ETH found support near $1,781 and is currently hovering around $1,811. Any recent signal allows for the possibility that this cryptocurrency can attempt a breakout towards resistance at $1,925 or test support at $1,781. Technical indicators and overall market sentiment suggest that if momentum were to pick up, especially with possible developments for Ethereum DEX and the burn rate were to increase, Ethereum price prediction might record a breach of the $1,950 level. In contrast, a protracted period of negative sentiment may drive a further test of support at $1,781.

What’s Next For Ethereum?

Ethereum still faces challenges and opportunities, as witnessed in the Ethereum news of the last week. Ethereum has recorded trading volumes of $64 billion. Optimism around it has been dimmed by recent market forces; the ETH burn rate has dropped to record lows, while the price of Ethereum finished the first quarter, losing 45% in its value and a massive $170 billion in market capitalization.

If institutional adoption happens through staked ETFs, a further boost to demand for ETH could follow. This would help Ethereum secure its price against inflation through mechanism fixes while keeping it competitive against Layer-2s, thus allowing it to gain long-term deflationary status and value. All in all, therefore, the path is uncertain yet bright for this flagship blockchain.

The post Ethereum DEX Dominance: ETH Reclaims Top Spot Despite $170 Billion Market Wipeout! appeared first on Coinfomania.