Ethereum Hits $4K as Market Dominance Shifts to ETH

- Ether (ETH) surges to $4,000, an eight-month high. - Ethereum's market dominance grows as Bitcoin's share declines. Ether (ETH), the native cryptocurrency of the Ethereum blockchain, reached a major milestone on August 8, 2025, as its price surged to $4,000, its highest level in eight months. On that day, Cointelegraph reported that this landmark price movement highlights Ethereum's growing influence during an altseason rally. Concurrently, Ethereum’s market capitalization dominance climbed, asserting its role as a leading force while Bitcoin’s dominance declined. This price jump was largely fueled by significant whale activity and rising institutional investments. For instance, on August 8, Cointelegraph detailed a standout over-the-counter (OTC) transaction where a major investor purchased 10,400 ETH, valued at approximately $40.5 million. As a result, these pivotal moves by whales and institutions have bolstered market confidence and sparked optimism about Ethereum's long-term growth trajectory. In addition, on August 8, Cointelegraph cited analysts who noted a shift in investor preference toward ETH over Bitcoin, reflecting broader trends in the cryptocurrency space. Although Bitcoin remains a dominant asset, experts anticipate its market share could fall into the high 30% range. This trend signals a rising preference for Ethereum among investors and underscores ETH’s expanding market relevance as adoption accelerates. According to CoinMarketCap on August 8, Ethereum (ETH) was trading at $3,983.13 as of 17:09 UTC. Its 24-hour trading volume had also increased by 4.49%.