In a major win for Ether (ETH) proponents, the cryptocurrency’s price soared to the $4,000 mark for the first time since December 2024. This significant development adds fuel to the continued optimism surrounding ETH, as it gradually erodes Bitcoin’s (BTC) market capitalization dominance.
According to data from TradingView, ETH/USD reached $4,012 on Bitstamp, marking a historical moment for 2025 by surpassing the critical psychological level. The popular trader and analyst Rekt Capital noted Ether’s growing share of the total crypto market cap, estimating it at about half to 60% of its Macro Uptrend.
The ongoing preference of investors for Ether over BTC is highly evident. Large-scale purchases suggest an attempt to maximize Ether’s relative strength. Meanwhile, exchange order book data has revealed a significant wall of long liquidations below $3,960. This situation is viewed as a ‘re-accumulation zone waiting to get fueled’.
Nevertheless, Bitcoin’s dominance is facing a potential decline. Currently standing below 60.7%, it is teetering on a critical support level. While there’s a potential for BTC’s dominance to rebound to around 70%, a long-term technical downtrend seems inevitable according to Rekt Capital. If this happens, BTC dominance could potentially crash down into the lower 40% or upper 30% region.
In conclusion, while Bitcoin’s supremacy struggles, Ether is experiencing a surge to new heights, marking an exciting step forward in the crypto market.