Ethereum News Today: Ether Surges Past $4,000 for First Time Since December 2024

Ether (ETH) climbed back above $4,000 for the first time since December 2024 on August 8, 2025, marking a key milestone for the cryptocurrency in 2025. The price reached as high as $4,012 on Bitstamp, with a daily gain of approximately 1.7%. This move brought ETH closer to all-time high levels, just $900 away, and underscored a growing trend of Ethereum reclaiming market share from Bitcoin [1].

The surge came amid shifting dynamics in the broader crypto market. Ethereum’s dominance—the percentage of the total cryptocurrency market capitalization attributed to ETH—has been steadily increasing. According to data shared by analyst Rekt Capital, Ethereum is already “~50-60% of the way in its macro uptrend,” drawing comparisons to its 2021 bull cycle [1]. Meanwhile, Bitcoin’s dominance has declined below 60.7%, indicating a broader shift in investor preference toward altcoins [1].

Large-scale transactions also reinforced the bullish sentiment around ETH. Whale activity showed significant buying, including a notable purchase of 1,390 WETH at $4,000 by address 0xaf6c, followed by a leveraged trade on Aave that swapped WBTC for additional ETH [1]. Another whale transaction saw 10.4K ETH—worth $40.5 million—acquired via OTC, while institutional firm Fundamental Global Inc announced a $5 billion shelf offering aimed at buying more ETH [1].

Technical analysis also pointed to potential further upside. Exchange order book data revealed a “massive wall of long liquidations” beneath $3,960, a sign that traders are seeing a “re-accumulation zone” rather than a top [1]. TheKingfisher, an X account following on-chain activity, described the move as an opportunity for smart money to build positions ahead of a potential breakout.

While some analysts remain cautious, Rekt Capital noted that while Bitcoin’s dominance could temporarily rebound toward historical peaks around 70%, a long-term breakdown was “inevitable.” The analyst forecast that Bitcoin’s market share could eventually drop to as low as 30%–40%, signaling a structural shift in market leadership [1].

These developments highlight a broader trend of Ethereum outperforming Bitcoin in 2025, with institutional and whale activity supporting the narrative of a potential new bull phase for the second-largest cryptocurrency.

Source: [1] Ether Price Hits $4K for First Time Since December 2024 (https://cointelegraph.com/news/ether-price-hits-4k-for-first-time-since-december-2024)