Basic Points:
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Ether hit $ 4,000 for the first time since December 2024 with a major milestone for the year.
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The ETH price optimization continues to remove the ether of the chunks from the dominance of Bitcoin’s Crypto Market Cap.
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The BTC can still stage a fresh but short-lived rebound, says the review.
Ether (Eth) Back to $ 4,000 for the first time in eight months Friday as Bitcoin (Btc) Pour crypto market cap share.
Ether in the “reaccumulation zone” as bulls surge at $ 4,000
Data from Cointelegraph Markets Pro and Tradingview showed eth/USD of up to $ 4,012 in bitstamp.
Getting around 1.7% during the day, the pair made history for 2025 by breaking the basic psychological level, now under $ 900 from new high-time highs.
🔥 Now: $ Eth Back to $ 4,000. pic.twitter.com/Loryt6zgsr
– Cointelegraph (@cointelegraph) August 8, 2025
The reaction, popular entrepreneur and analyst Capital is among the rising ether slices of the total crypto market cap.
“Ethereum dominance has already had ~ 50-60% of the method of its macro uprising,” he calculated in a X post.
An accompanying chart compared to the current price action in the previous Eth Bull running in 2021.
Others mentioned the investor’s continued wishes for Ether at BTC, along with popular businessman Cas Abbe who recently summarized major purchases.
$ Eth Continue to go beyond $ Btc 🚀
Just now, a whale bought 10.4K ETH worth $ 40.5 million by OTC.
Yesterday, the Basic Global Inc filed a $ 5 billion shelf that offered to buy more ETH.
It feels like the $ 4K resistance to ETH is not there for long. pic.twitter.com/zjsw1xhsts
– CAS Abbé (@cas_abbe) August 8, 2025
The lookonchain’s analytics resources meanwhile are monitoring the whale transactions, which seemed to be aimed at Capital in Kamag -Son of Ether.
Number $ Eth Broke $ 4,000, whale 0xaf6c bought only 1,390 $ Weth($ 5.56m) at $ 4,000.
Then he deposited this 1,390 $ Weth To a, borrowed 52.83 $ WBTC($ 6.17m) from #Ghostand replaced it with 1,539 $ Weth($ 6.17M).https://t.co/kvuhuie6C2 pic.twitter.com/8lawv4ba3f
– lookonchain (@lookonchain) August 8, 2025
Exchange order book data, featuring a “massive long liquid wall” under $ 3,960 meanwhile the X Account ThekingFisher primed for the additional price upside down.
“These are the wise hunting of money,” part of the companion X comment Read.
“Most entrepreneurs see a dump, we see a re-accumulation zone waiting to be fueled.”
Bitcoin dominance faces “inevitable” denial
The moves feed on an existing struggle for the high -high -altcoins, which has quickly seen the slide of the bitcoin market cap.
Related: Bitcoin Energy Value Metric says ‘Fair’ BTC price is more $ 167k
Part of Bitcoin fell below 60.7% during the day, again dicing in a Critical Level of Support.
In further analysis of X, Rekt Capital said that while dominance could still rebound to traditional level of climax Around 70%, its final destruction is “inevitable.”
“And once the long-term technical climb is gone, BTC’s dominance moves to a long-term technical collapse,” he, ” Forecasting.
“And the long-term target downside will be a crash down to the low ~ 40%, maybe a high 30% region.”
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
