key points:
-
Etor first hit $ 4,000 in a major milestone for the year for SIN 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 turn, says analysis.
Ether (Eth) returned to $ 4,000 for the first time in eight months as Bitcoin (BTC) shed its crypto market cap share.
Bulls grow to $ 4,000 as ether in “reaccumulation zone”
Cointelegraph Markets Pro and TradingView’s data showed Eth/USD to $ 4,012 on the bitstamp.
Getting approximately 1.7% a day, the pair makes history by violating the major psychological levels for 2025, now under the new all-time under $ 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 one of the growing slices of the total crypto market cap of those ether.
“Atherium dominance is a 50–60% route in its uptrend,” they are calculated in an X post.
Comparison of the chart simultaneously runs via 2021 from the previous ETH bull compared to the current price action.
Otherwise the notewaster preference for more ether than BTC, popular merchant Cass ABB recently summoned 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 lives for a long time. pic.twitter.com/zjsw1xhsts
– Cass Abbe (@cas_abbe) August 8, 2025
Analytics Resource Lukanchen meanwhile tracked which transaction, seems to be aiming to capitalize on the relative power of the ether.
As a $ Eth Broke through $ 4,000, where 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) .https: //t.co/kvuhuie6c2 pic.twitter.com/8lawv4ba3f
– Lukanchain August 8, 2025
Exchange order book data is characterized by a “huge wall of long liquidity” below $ 3,960, meanwhile the exclusivefisher pridefish found inverted to the ethnis.
With reading with X commentary, “This is smart money hunts.”
“Most traders see a dump, we see a re -accumulation area that is waiting to get fuel.”
Bitcoin dominance faces “uneven” fall
The film feeds in an existing conflict for domination from AltCoins, with the market cap dominance slide of Sean bitcoin.
Connected: Bitcoin Energy Value Metric says ‘appropriate’ BTC value
The part of the bitcoin fell below 60.7% a day, again dipped with a significant support level.
In further X analysis, REKT Capital stated that the dominance couples still level the traditional peak around 70%, its final breakdown was “invited”.
“And at that time the technical kidnapping is lost from that time, BTC dominance will turn into a long-term technical decline,” he guessed.
“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. Every investment and trading film includes risk, and readers should do their research while taking decisions.
