---
title: "Ether Hits $4,000 Again As Bitcoin Crypto Market Cap Dominance Dives"
url: https://diffcoin.com/ether-hits-4000-again-as-bitcoin-crypto-market-cap-dominance-dives/
description: "Key points:Ether hits $4,000 for the first time since December 2024 in a key milestone for the year.ETH price optimism continues with Ether taking chunks…"
published: 2025-08-08
updated: 2025-08-08
author: "Mila"
site: "Diffcoin"
---

# Ether Hits $4,000 Again As Bitcoin Crypto Market Cap Dominance Dives

**Key points:**

- Ether hits $4,000 for the first time since December 2024 in a key milestone for the year.
- ETH price optimism continues with Ether taking chunks away from Bitcoin’s crypto market cap dominance.
- BTC could still stage a fresh but short-lived rebound, analysis says.

Ether (ETH) returned to $4,000 for the first time in eight months Friday as Bitcoin (BTC) shed its crypto market cap share.

*ETH/USD one-hour chart. Source: Cointelegraph/TradingView*

## Ether in “reaccumulation zone” as bulls surge to $4,000

Data from Cointelegraph Markets Pro and TradingView showed ETH/USD reaching $4,012 on Bitstamp.

Gaining around 1.7% on the day, the pair made history for 2025 by breaching the key psychological level, now under $900 from new all-time highs.

> 🔥 NOW: [$ETH](https://twitter.com/search?q=%24ETH&src=ctag&ref_src=twsrc%5Etfw) back at $4,000. [pic.twitter.com/LorYt6ZgSr](https://t.co/LorYt6ZgSr)
> 
> — Cointelegraph (@Cointelegraph) [August 8, 2025](https://twitter.com/Cointelegraph/status/1953818207032070308?ref_src=twsrc%5Etfw)

Reacting, popular trader and analyst Rekt Capital was among those eyeing Ether’s increasing slice of the total crypto market cap.

“Ethereum Dominance is already ~50-60% of the way in its Macro Uptrend,” he calculated in an X post.

An accompanying chart compared current price action to the previous ETH bull run through 2021.

*Ether crypto market cap dominance one-month chart. Source: Rekt Capital/X*

Others noted the ongoing investor preference for Ether over BTC, with popular trader Cas Abbe summarizing recent large-scale purchases.

> [$ETH](https://twitter.com/search?q=%24ETH&src=ctag&ref_src=twsrc%5Etfw) continues to outperform [$BTC](https://twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw) 🚀
> 
> Just today, a whale bought 10.4K ETH worth $40.5 million via OTC.
> 
> Yesterday, Fundamental Global Inc filed a $5 billion shelf offering to buy more ETH.
> 
> It feels like the $4K ETH resistance won’t be there for long. [pic.twitter.com/Zjsw1xhStS](https://t.co/Zjsw1xhStS)
> 
> — Cas Abbé (@cas_abbe) [August 8, 2025](https://twitter.com/cas_abbe/status/1953714839169188194?ref_src=twsrc%5Etfw)

Analytics resource Lookonchain meanwhile tracked whale transactions, seemingly aiming to capitalize on Ether’s relative strength.

> As [$ETH](https://twitter.com/search?q=%24ETH&src=ctag&ref_src=twsrc%5Etfw) broke through $4,000, whale 0xaf6c just bought 1,390 [$WETH](https://twitter.com/search?q=%24WETH&src=ctag&ref_src=twsrc%5Etfw)($5.56M) at $4,000.
> 
> He then deposited this 1,390 [$WETH](https://twitter.com/search?q=%24WETH&src=ctag&ref_src=twsrc%5Etfw) into Aave, borrowed 52.83 [$WBTC](https://twitter.com/search?q=%24WBTC&src=ctag&ref_src=twsrc%5Etfw)($6.17M) from [#Aave](https://twitter.com/hashtag/Aave?src=hash&ref_src=twsrc%5Etfw), and swapped it for 1,539 [$WETH](https://twitter.com/search?q=%24WETH&src=ctag&ref_src=twsrc%5Etfw)($6.17M). [pic.twitter.com/8lAwv4BA3F](https://t.co/8lAwv4BA3F)
> 
> — Lookonchain (@lookonchain) [August 8, 2025](https://twitter.com/lookonchain/status/1953824284461211993?ref_src=twsrc%5Etfw)

Exchange order book data, featuring a “massive wall of long liquidations” beneath $3,960 meanwhile got X account TheKingfisher primed for further ETH price upside.

“This is what smart money hunts,” part of accompanying X commentary read.

> “Most traders see a dump, we see a re-accumulation zone waiting to get fueled.”

*ETH exchange order-book liquidity chart. Source: TheKingfisher/X*

## Bitcoin dominance faces “inevitable” decline

The moves feed into an existing struggle for supremacy from altcoins, which has seen Bitcoin’s market cap dominance slide rapidly.

***Related:*** ***Bitcoin Energy Value metric says ‘fair’ BTC price is as much as $167K***

Bitcoin’s share fell below 60.7% on the day, again dicing with a critical support level.

In further X analysis, Rekt Capital said that while dominance could still rebound to traditional peak levels around 70%, its eventual breakdown was “inevitable.”

“And once that long-term technical uptrend is lost, BTC Dominance will transition into a long-term technical downtrend,” he forecast.

> “And the long-term downside target would be a crash down into the low ~40%, maybe high 30% region.”

*Bitcoin crypto market cap dominance one-day chart. Source: Cointelegraph/TradingView*

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

[Source link](https://cointelegraph.com/news/ether-price-hits-4k-for-first-time-since-december-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)