Ether Price Soars: ETH Hits $4K Amidst Shifting Crypto Dominance
The **Ether price** has dramatically surged, reaching $4,000 for the first time since December 2024. This significant milestone marks a major victory for **ETH price** bulls. Furthermore, the broader **altcoin season** continues to gain considerable momentum. Bitcoin’s market share is showing clear signs of fading. This dynamic shift signals an exciting and evolving period for the cryptocurrency landscape.
Ether Price Reaches Key Milestone
Ether (ETH) achieved a notable return to $4,000 on Friday. This happened for the first time in eight months. Data from Crypto News Insights Markets Pro and TradingView confirmed ETH/USD hit $4,012 on Bitstamp. The pair gained approximately 1.7% on the day. This breach of the key psychological level made history for 2025. Now, Ether sits less than $900 away from new all-time highs. Analysts are closely watching this upward trajectory. The market considers this a “reaccumulation zone.” Bulls continue to drive the **ETH price** higher, indicating strong underlying demand.
Ethereum’s Growing Crypto Market Cap Dominance
Popular trader Rekt Capital observed Ether’s increasing share of the total **crypto market cap**. He noted Ethereum Dominance is “~50-60% of the way in its Macro Uptrend.” This analysis came in an X post. An accompanying chart compared current price action to the previous 2021 ETH bull run. Other experts also highlighted investor preference for Ether over Bitcoin (BTC). Trader Cas Abbe summarized recent large-scale purchases. He stated, “$ETH continues to outperform $BTC.” One whale bought 10.4K ETH, valued at $40.5 million, via OTC. Additionally, Fundamental Global Inc filed a $5 billion shelf offering to buy more ETH. This activity suggests the $4K resistance may not last long.
Whale Activity Fuels Altcoin Season
Analytics resource Lookonchain tracked significant whale transactions. These transactions seemingly aimed to profit from Ether’s relative strength. As **Ether price** broke $4,000, whale 0xaf6c immediately bought 1,390 Wrapped Ether (WETH) worth $5.56 million. Subsequently, the whale deposited this WETH into Aave. From Aave, 52.83 Wrapped Bitcoin (WBTC) was borrowed, totaling $6.17 million. This WBTC was then swiftly swapped for 1,539 WETH, valued at $6.17 million. Exchange order book data also showed a “massive wall of long liquidations” beneath $3,960. TheKingfisher, an X account, viewed this as a clear sign for further **ETH price** upside. “This is what smart money hunts,” they commented. “Most traders see a dump, we see a re-accumulation zone waiting to get fueled.” These movements align perfectly with the ongoing **altcoin season**.
Bitcoin Dominance Faces Inevitable Decline
These market shifts contribute to an existing struggle for altcoin supremacy. Consequently, **Bitcoin dominance** in the market cap has rapidly declined. Bitcoin’s share fell below 60.7% on the day. This level again diced with a critical support level. Rekt Capital provided further X analysis. He suggested dominance could still rebound to traditional peak levels around 70%. However, its eventual breakdown is “inevitable.” “And once that long-term technical uptrend is lost,” he forecasted, “**BTC Dominance** will transition into a long-term technical downtrend.” The long-term downside target would be a crash into the low ~40%, perhaps high 30% region. This indicates a significant power shift within the broader **crypto market cap**.
The Future of Crypto Market Dynamics
The **Ether price** surge to $4,000 marks a pivotal moment for the crypto market. It highlights Ether’s growing strength and the robust **altcoin season**. Meanwhile, **Bitcoin dominance** appears set for a long-term decline. Investors are keenly observing these shifts. They indicate a dynamic and evolving landscape for digital assets. This period promises continued excitement and potential reconfigurations of market leadership. Readers should conduct their own research when making investment decisions, as all trading involves risk.
