Ethereum (ETH) reached $4,000 on August 8, 2025, marking its highest price in eight months. This milestone highlights a strong rally for ETH and a shift in the crypto market as Bitcoin’s dominance declines.
ETH/USD rose about 1.7% on the day, hitting $4,012 on Bitstamp. The price is now less than $900 away from its all-time high. Analysts see this as a sign of growing investor interest in Ethereum over Bitcoin.
Popular trader Rekt Capital noted that Ethereum’s market share is already halfway through a major uptrend. Meanwhile, whale investors appear to be buying more Ether, signaling confidence in the token’s strength.
At the same time, Bitcoin’s dominance in the crypto market cap fell below 60.7%, a critical support level.
While Bitcoin could still see a short rebound, experts predict its dominance will eventually decline to as low as 40%, as altcoins like Ethereum gain ground.
Overall, Ethereum’s rise above $4,000 signals a bullish phase for ETH and the broader altcoin market.
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