Key points:
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Ether hit $4,000 for the first time since December 2024.
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ETH PRISE continues optimistically, and Ether takes the big chunks out of Bitcoin’s crypto market capitalization dominance.
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Analysts say that BTC can still make a fresh but short-term rebound.
Ether (Ethereth) On Friday, Bitcoin returned $4,000 for the first time in eight months (BTC) Get rid of the share of the cryptocurrency market cap.
Ether in the “Re-summarization Zone” as the bull soars to $4,000
From Cointelegraph Markets Pro and TradingView Showing ETH/USD on BitStamp is $4,012.
The couple got about 1.7% of the day, through a history of violating key psychological levels and now breaching $900 from new all-time highs.
Now: $eth Back to $4,000. pic.twitter.com/loryt6zgsr
– Cointelegraph (@Cointelegraph) August 8, 2025
Reaction, popular trader and analyst Rekt Capital is Ether’s growing crypto municipal cap.
He is X Posts.
The accompanying chart compares the current price action with the ETH BULL heading to 2021.
Others point to ongoing investors’ preference for Ether rather than BTC, with popular trader Cas Abbe summarizing recent massive purchases.
$eth Continue to outperform the market $ btc 🚀
Just today, a whale purchased $40.5 million worth of 10.4k ETH through OTC.
Yesterday, Basic Global Companies submitted $5 billion in shelves to buy more ETH.
It feels like the $4K ETH’s resistance won’t last long. pic.twitter.com/zjsw1xhsts
-casabbé (@cas_abbe) August 8, 2025
Analytical resource Lookonchain also tracks whale transactions, which seem to be aimed at leveraging Ether’s relative power.
As $eth Breaking $4,000, Whale 0xaf6c just bought 1,390 $ WETH($5.56 million), priced at $4,000.
Then he deposited this 1,390 $ WETH Borrow aave, borrow 52.83 $ WBTC(US$6.17 million) #ghostand exchange it for 1,539 $ WETH($6.17 million).https://t.co/kvuhuie6c2 pic.twitter.com/8lawv4ba3f
– lookonchain (@lookonchain) August 8, 2025
Exchange orders for book data, which contains “massive liquidation wall” below $3,960, while obtaining X account Thekingfisher for further ETH price increase.
“This is the smart hunting,” part of the accompanying xComments read.
“Most traders see a dump and we see a reoccupied area waiting to refuel.”
Bitcoin’s advantage faces an “inevitable” decline
These moves enter Altcoins’ existing supremacy struggle that prompts Bitcoin’s market capitalization domination to slide rapidly.
Related: Bitcoin Energy Value Indicator Says “Fair” BTC Price Is As High as $167,000
Bitcoin’s share on the day was less than 60.7%, again with Key support levels.
In further X analysis, Rekt Capital said that despite the advantages, it can still rebound to Traditional peak levels About 70%, its ultimate collapse is “inevitable”.
“Once long-term technology uptrend loss, BTC’s advantage will transition to long-term technology decline,” he forecast.
“The long-term downside target will fall to about 40%, perhaps 30% of the area.”
This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.
