Ether (ETH) surged past the $4,000 barrier on Friday, marking its highest price point in eight months, as Bitcoin’s dominance over the crypto market continued to shrink.
ETH Pushes Through $4K as Bulls Regain Momentum
According to TradingView data, ETH/USD climbed to $4,012 on Bitstamp, posting a daily gain of around 1.7%. This breakthrough brought ETH within striking distance — less than $900 — from its all-time high, making it a key milestone for 2025.
Crypto analyst Rekt Capital highlighted Ether’s growing market share, noting that Ethereum’s dominance is already halfway through a macro uptrend. In a post on X, he compared the current price movement to the 2021 bull market cycle, signaling renewed confidence in ETH’s upward trajectory.
Investor Sentiment Favors Ethereum Over Bitcoin
The broader market narrative seems to be tilting toward Ether, with traders like Cas Abbe pointing out significant whale activity and increased accumulation. On-chain tracker Lookonchain also identified large transactions hinting at strategic accumulation efforts by major players.
Meanwhile, market data showed a critical liquidation zone just below $3,960, suggesting further upward potential. X user TheKingfisher commented that what may look like a looming drop to some is actually a prime “reaccumulation zone” for smarter investors preparing for the next leg up.
Bitcoin’s Market Grip Continues to Loosen
Bitcoin’s share of the total crypto market capitalization fell to 60.7%, once again nearing a key support threshold. This trend is reflective of growing altcoin strength, particularly from Ethereum.
Rekt Capital added in further analysis that while Bitcoin dominance might temporarily recover to the 70% range, a long-term reversal is likely. Once the broader uptrend in dominance is broken, he expects BTC’s market share to potentially fall into the low 40% or even high 30% range over time.
Download the FREE Bitcoin Mining eBook
Kickstart your mining journey with essential insights:
https://bitmernmining.com/landing-page-ebook-download/
For more news, find me on Twitter Giannis Andreou and subscribe to My channels Youtube and Rumble
What is your opinion on this particular topic? Leave us your comment below! We are always intere
