Ether surged to $4,000 for the first time since December 2024, reducing Bitcoin’s market cap dominance. Analysts predict a potential rebound for BTC, but Ether remains in a strong position. Rekt Capital notes Ethereum’s dominance is steadily increasing, with whales making significant purchases and interest growing in ETH over BTC.

Whale transactions show investors capitalizing on Ether’s strength, with large purchases and strategic moves to take advantage of the bullish trend. Exchange order book data suggests further upside for ETH, with smart money seeing the current price action as a re-accumulation zone. Bitcoin’s market cap dominance faces inevitable decline, with altcoins gaining traction and BTC dominance likely to continue decreasing.

Read more at Cointelegraph: Ether Hits $4,000 Again As Bitcoin Crypto Market Cap Dominance Dives