key points:
-
Ether makes a major mile stone for the year for the first time since December 2024.
-
The ETH price optimism continues with the Bitcoin’s crypto market cap dominance with Ether.
-
BTC can still staging a fresh but short -term rebound, says analysis.
Ether (Eth) returned to $ 4,000 on Friday for the first time in eight months as Bitcoin (BTC) shed its crypto market cap share.
Ether grows to $ 4,000 in “reaccumulation zone” as a bull
Data Pro from cointelegraph markets and Tradingview Showed Eth/USD, which reached $ 4,012 on the bitstamp.
Getting around 1.7% a day, the pair made history by violating the major psychological levels for 2025, now under the new all-time high to $ 900.
🔥 now: $ Eth Back to $ 4,000. pic.twitter.com/lolyt6zgsr
– Cointelegraph (@Cointelegraph) August 8, 2025
The response, popular merchant and analyst Rekt Capital, was among those who monitor the growing slices of the Ether of the total crypto market cap.
He said, “Atherium dominance is already ~ 50-60% in its macro uptrend.” X post,
Comparison of the chart simultaneously runs via 2021 from the previous ETH bull compared to the current price action.
Others noted the investors preference for ether on BTC, in which popular traders CAS Abbe summarize recent large -scale shopping.
$ Eth Continues performing better $ BTC
Today, a whale bought a price of $ 40.5 million through OTC 10.4k Eth.
Yesterday, Fundamental Global Inc. offered a $ 5 billion shelf to buy more Ath.
It seems that $ 4K eth resistance will not last long. pic.twitter.com/zjsw1xhsts
– Cass Abbe (@cas_abbe) August 8, 2025
Analytics Resource Lukanchen meanwhile tracked the whale transaction, seems to be aimed at reinforcing the relative strength of the ether.
As $ Eth Broke through $ 4,000, Whale 0xaf6C bought only 1,390 $ Weth($ 5.56m) at $ 4,000.
Then they deposited it 1,390 $ Weth In Aave, borrowed 52.83 $ WBTC($ 6.17m) #AaveAnd swaps it for 1,539 $ Weth($ 6.17m). pic.twitter.com/8lawv4ba3f
– Lukanchain August 8, 2025
Exchange order book data is characterized by a “huge wall of prolonged liquidation” below $ 3,960, meanwhile the X account Thingfisher was carried forward for further etha value.
“This is what is smart money hunts,” part X commentary Reading.
“Most traders see a dump, we are waiting for a re -accumulation area to get fuel.”
Bitcoin dominance encounters “unavoidable” fall
The tricks feed in an existing conflict for domination of altcoins, in which the market cap dominance slide of bitcoin is observed rapidly.
Connected: Bitcoin Energy Value Metric says ‘Fair’ BTC is priced at $ 167K
The part of the bitcoin fell below 60.7% a day, again dipped with a significant support level.
In further X analysis, REKT Capital said that while dominance could still rebound around 70%at the level of traditional peaks, its final rupture was “unavoidable”.
“And once long -term technical uptrends are lost, BTC dominance will infection in a long -term technical dowtrand,” he Forecast,
“And long -term negative targets low ~ 40%, perhaps a high 30% area will have an accident.”
There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.
