Ether (ETH) has surged to $4,000 for the first time in eight months, marking a significant milestone for ETH bulls and indicating a shift in market dynamics as Bitcoin’s dominance declines.
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Ether reached $4,012 on Bitstamp, gaining 1.7% in a day.
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ETH’s market cap is increasing as it captures a larger share from Bitcoin.
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Analysts predict Bitcoin may experience a short-lived rebound, but its dominance is under threat.
Ether hits $4,000 for the first time in eight months, signaling a shift in market dynamics as Bitcoin’s dominance fades. Discover the latest insights!
| ETH Price | $4,012 | Up 1.7% in 24 hours |
What is the significance of Ether reaching $4,000?
Ether’s surge to $4,000 is a pivotal moment, indicating strong bullish sentiment among investors. This price point represents a key psychological level and a potential catalyst for further gains in the crypto market.
How does this impact Bitcoin’s market dominance?
As Ether gains traction, Bitcoin’s market dominance is declining, falling below 60.7%. Analysts suggest this trend may continue, with Bitcoin potentially facing a long-term downtrend in dominance.
Frequently Asked Questions
What factors contributed to Ether’s price increase?
Ether’s price increase is attributed to strong investor sentiment, significant whale purchases, and a growing preference for ETH over Bitcoin.
Will Bitcoin’s dominance recover?
While some analysts believe Bitcoin could rebound, the overall trend suggests a decline in dominance is likely, as altcoins gain popularity.
Key Takeaways
- Ether’s milestone: Surged to $4,000, marking a significant bullish trend.
- Market dynamics: Bitcoin’s dominance is declining as ETH gains market share.
- Future outlook: Analysts predict potential further gains for Ether amidst ongoing investor interest.
Conclusion
Ether’s rise to $4,000 highlights a significant shift in the crypto landscape, with increasing investor interest in ETH and a potential decline in Bitcoin’s market dominance. As the market evolves, staying informed on these trends is crucial for investors.
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Ether taps $4,000 for the first time in eight months, marking a significant milestone for ETH bulls amid declining Bitcoin dominance.
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ETH price optimism continues with Ether taking chunks away from Bitcoin’s crypto market cap dominance.
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BTC could still stage a fresh but short-lived rebound, analysis says.
Ether (ETH) returned to $4,000 for the first time in eight months Friday as Bitcoin (BTC) shed its crypto market cap share.
ETH/USD one-hour chart. Source: Cointelegraph/TradingView
Ether in “reaccumulation zone” as bulls surge to $4,000
Data from Cointelegraph Markets Pro and TradingView showed ETH/USD reaching $4,012 on Bitstamp.
Gaining around 1.7% on the day, the pair made history for 2025 by breaching the key psychological level, now under $900 from new all-time highs.
Reacting, popular trader and analyst Rekt Capital was among those eyeing Ether’s increasing slice of the total crypto market cap.
“Ethereum Dominance is already ~50-60% of the way in its Macro Uptrend,” he calculated in an X post.
An accompanying chart compared current price action to the previous ETH bull run through 2021.
Ether crypto market cap dominance one-month chart. Source: Rekt Capital/X
Others noted the ongoing investor preference for Ether over BTC, with popular trader Cas Abbe summarizing recent large-scale purchases.
Analytics resource Lookonchain meanwhile tracked whale transactions, seemingly aiming to capitalize on Ether’s relative strength.
Exchange order book data, featuring a “massive wall of long liquidations” beneath $3,960 meanwhile got X account TheKingfisher primed for further ETH price upside.
“This is what smart money hunts,” part of accompanying X commentary read.
“Most traders see a dump, we see a re-accumulation zone waiting to get fueled.”
ETH exchange order-book liquidity chart. Source: TheKingfisher/X
Bitcoin dominance faces “inevitable” decline
The moves feed into an existing struggle for supremacy from altcoins, which has seen Bitcoin’s market cap dominance slide rapidly.
Bitcoin’s share fell below 60.7% on the day, again dicing with a critical support level.
In further X analysis, Rekt Capital said that while dominance could still rebound to traditional peak levels around 70%, its eventual breakdown was “inevitable.”
“And once that long-term technical uptrend is lost, BTC Dominance will transition into a long-term technical downtrend,” he forecast.
“And the long-term downside target would be a crash down into the low ~40%, maybe high 30% region.”
Bitcoin crypto market cap dominance one-day chart. Source: Cointelegraph/TradingView
