08.08.2025 23:58
Ethereum, the dominant altcoin by market capitalization, has triumphantly reclaimed the $4,000 mark for the first time in 2025. This significant milestone was achieved at 13:54 UTC on Bitstamp, reaching a new yearly high of $4,012, signifying a powerful continuation of its impressive rally.
This month alone, ETH has seen an approximately 8% increase, building upon a staggering 48% surge last month. The momentum is undeniable, underscored by CoinGlass data revealing over $25.7 million in ETH short positions liquidated within the past 24 hours. This liquidation reflects significant market pressure favoring the bulls.
Adding fuel to the fire, Polymarket bettors are now assigning a 58% probability to ETH reaching the $5,000 mark before the year's end. This bullish sentiment is further bolstered by Fundstrat's Tom Lee's recent prediction of a $6,000 fair value for ETH, as reported by internet sources. This resurgence is attributed to a confluence of positive factors: increased corporate treasury holdings, robust ETF inflows, and favorable regulatory developments.
Thursday's impressive $222 million in new inflows into ETH ETFs, spearheaded by BlackRock's ETHA, powerfully illustrates the growing institutional interest in the cryptocurrency. This influx of capital further fuels the ongoing rally and market enthusiasm.
Ethereum's price surge has consequently caused a notable decline in Bitcoin dominance. Currently hovering precariously close to falling below 60%, this metric, after a brief recovery from a similar dip on July 21st, is again threatened by what many are interpreting as the beginning of another altcoin season. While Lee's past prediction of ETH surpassing Bitcoin remains, for now, a hopeful aspiration for ETH maximalists, the current market dynamics certainly present a compelling narrative.
