Ethereum’s native token, Ether, surpassed the $4,000 mark on Friday for the first time since December 2024, marking a significant milestone in its price trajectory. This represents a 3.5 percent increase over the past 24 hours, driving Ether’s year-to-date gains to an impressive 112 percent and elevating its annual return to 25 percent. Concurrently, the ETH/BTC ratio has surged by 42 percent over the last month, while Bitcoin’s market dominance has receded to 60.7 percent.
The upward momentum in Ether’s price has been supported by substantial buying activity from institutional investors and large holders. Notably, a single major investor executed an over-the-counter purchase of 10,400 Ether valued at approximately $40.5 million. Additionally, Fundamental Global Incorporated has filed a $5 billion shelf offering aimed at acquiring further Ether holdings. Blockchain analytics firm Lookonchain has also identified heightened whale activity around Ether purchases, underscoring growing institutional interest.
According to analyst Rekt Capital, Ether’s share of the overall cryptocurrency market capitalization is expanding steadily, indicative of a broader macro uptrend in its price movement. Conversely, Bitcoin’s decreasing market dominance, now at 60.7 percent, has raised concerns among experts who warn that breaching this support level could result in Bitcoin’s market share falling to as low as 40 percent.
The altcoin market has also exhibited robust growth, with XRP rising by 9 percent, Solana (SOL) by 3.5 percent, and Dogecoin (DOGE) by 5.3 percent. Moreover, publicly traded companies linked to the Ethereum ecosystem have seen their stock prices climb, exemplified by Bitmine Immersion’s 13 percent gain and Sharplink Gaming’s 4 percent increase.
Collectively, these developments reflect heightened confidence and increased investment activity in Ethereum and altcoins, signaling a positive and sustained phase of growth within the cryptocurrency sector.
Source: binance
