Key points:
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Ether has reached $ 4,000 for the first time since December 2024 on a key stage of the year.
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The optimism of the ETH prices continues with Ether removing pieces of the domination of the Bitcoin market capitalization.
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The BTC could still stage a fresh but short -lived rebound, indicates the analysis.
ETHER (ETH) returned to $ 4,000 for the first time in eight months on Friday while Bitcoin (BTC) allowed its crypto stock market.
Ether in the “reactuction zone” while the bulls increase to $ 4,000
Cointelegraph Markets Pro and TradingView data showed that ETH / USD reaching $ 4,012 on Bitstamp.
Winning approximately 1.7% over the day, the pair marked the story for 2025 by breaking the key psychological level, now less than $ 900 of new peaks of all time.
🔥 Now: $ ETh Back at $ 4,000. pic.twitter.com/loryt6zgsr
– Cointtelegraph (@cointelegraph) August 8, 2025
Reacting, the popular merchant and the Rekt Capital analysts were one of those who envisage the growing tranche of the ether of the total market capitalization of cryptography.
“The domination of ethereum is already ~ 50 to 60% of the path in its macro trend,” he calculated in a post X.
A graphic that accompanies it compared the action of current prices to the previous ETH race until 2021.
Others have noted the preference of current investors for Ether above the BTC, the popular merchant Case Abbe summarizing recent large-scale purchases.
$ ETh Continue to surpass $ BTC 🚀
Today, a whale has bought 10.4,000 ETH worth $ 40.5 million via OTC.
Yesterday, Fundamental Global Inc filed a shelf of $ 5 billion to buy more ETH.
It seems that ETH resistance of $ 4,000 will not be there for a long time. pic.twitter.com/zjsw1xhsts
– abbot case (@cas_abbe) August 8, 2025
Analytics Resource Lookonchain has followed whale transactions, apparently aimed at capitalizing on Ether’s relative force.
As $ ETh allowed $ 4,000, the 0xaf6c whale has just bought 1,390 $ Weth($ 5.56 million) at $ 4,000.
He then deposited this 1,390 $ Weth In Aave, borrowed 52.83 $ Wbtc($ 6.17 million) #Aaveand exchanged it for 1,539 $ Weth($ 6.17 million). pic.twitter.com/8lawv4ba3f
– Lookonchain (@lookonchain) August 8, 2025
Handering notebooks exchange data, with a “solid wall of long liquidations” under $ 3,960 during this time, the X account is ready for more prices of ETH on the rise.
“This is what the hunt for smart money,” said part of the reading X reading.
“Most traders see a discharge, we see a reactive area that awaits being fed.”
Bitcoin Dominance faces an “inevitable” drop
The movements fuel an existing struggle for altcoin supremacy, which quickly saw the domination of Bitcoin market capitalization.
In relation: Bitcoin Energy Value Metric says that the BTC price is up to $ 167,000
Bitcoin’s share dropped below 60.7% over the day, again with a level of critical support.
In an additional analysis X, Rekt Capital said that although dominance could still bounce back at traditional cutting -edge levels around 70%, its possible ventilation was “inevitable”.
“And once this long-term technical trend is lost, the domination of the BTC will move to a long-term technical decrease trend,” he presented.
“And the long-term long-term objective would be an accident down in the low region of ~ 40%, perhaps 30%.”
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
