Ethereum [ETH] once again proved why it remained the backbone of the altcoin market.

Even as ETH hovered near record highs, the network remained busier than ever, with activity at all-time peaks and transaction costs staying low.

Unlike many tokens that burn out quickly in overheated rallies, Ethereum has shown steadier momentum, leaving space for further gains as altcoins line up to test Bitcoin’s dominance.

Ethereum among the market’s resilient assets

A look at CryptoQuant’s Price Drawdown Heatmap showed Ethereum standing in the top tier of resilience alongside Binance Coin [BNB], Bitcoin [BTC], and Tron [TRX].

While thousands of altcoins stayed deep in the red, ETH has consistently recovered from downturns and is once again trading near its ATH.