Ethereum News Today: Ethereum's 60% ETH/BTC Rally Sparks Altseason as Bitcoin Dominance Falls to 61.58%

Ethereum’s recent price action against Bitcoin has marked a pivotal shift in the cryptocurrency market, with analysts highlighting the emergence of a potential altseason. The ETH/BTC pair broke above the 0.026 BTC resistance level, a key technical milestone that underscores growing confidence in altcoins and signals a broader reallocation of capital away from Bitcoin dominance. This move, confirmed by analyst Titan of Crypto, has seen Ethereum trade at approximately 0.042 BTC, reclaiming a level of dominance it had lost in early 2025 [1]. The breakout follows months of consolidation, during which Ethereum’s price had declined by 60% to a low of 0.018 BTC amid a flight to Bitcoin as a perceived safer asset [1].

The ETH/BTC breakout is visually represented by an ascending triangle pattern on the chart, characterized by higher lows and a tightening trading range. This pattern, commonly associated with bullish reversals, culminated in a decisive move above the 0.026 BTC threshold, triggering a 60% rally in weeks. The surge not only reversed Ethereum’s bearish trend but also validated a shift in market sentiment, with traders increasingly favoring altcoins for higher returns [1]. Concurrently, Bitcoin’s dominance has dropped from 65% to 61.58%, a metric tracked by Captain Faibik, reflecting a redistribution of capital into non-Bitcoin assets [1]. This decline, after a four-year uptrend from 38% to 65%, is seen as a turning point in investor preferences, as altcoins gain traction in sectors like decentralized finance (DeFi) and tokenization [1].

The altseason narrative is further reinforced by the performance of smaller altcoins. Tokens such as Chainlink and Sui have shown organic growth, driven by speculative demand and utility-focused innovation. Analysts note that Ethereum’s leadership in this environment is not accidental but rather a result of its foundational role in smart contract ecosystems and DeFi infrastructure. On-chain data also indicates significant whale activity and institutional accumulation in key Ethereum addresses, suggesting a strategic buildup ahead of potential price milestones [1]. CoinDCX analysts argue that sustained Ethereum strength could catalyze a broader altcoin rally, provided macroeconomic conditions remain supportive [2].

Market dynamics have also shifted in July 2025, with Ethereum’s 20% surge coinciding with XRP reaching $3.92—a historical indicator of altcoin-driven cycles—and Bitcoin dominance falling to the low 60s. This pattern mirrors past altseasons, where utility-driven tokens outperformed Bitcoin by margins exceeding 95% [2]. The decline in Bitcoin’s price to $3,600, a 2.5% drop from prior highs, has not curtailed altcoin enthusiasm, with speculative buying intensifying in Ethereum and its ecosystem [6]. This divergence highlights a maturing market where Bitcoin’s role as a store of value coexists with Ethereum’s dominance in transactional and innovation-driven use cases.

While the altseason thesis gains traction, analysts caution that volatility and regulatory uncertainties remain critical risks. The current environment underscores crypto’s cyclical nature, with Ethereum’s leadership in DeFi and tokenization positioning it as a bellwether for broader market trends. If momentum persists, the altseason could extend, but market participants must remain vigilant against macroeconomic headwinds and policy shifts.

Source:

[1] [Why Ethereum Is Surging: Expert Forecasts, Whale Buying, and the Future of ETH in 2025] [https://yellow.com/research/why-ethereum-is-surging-expert-forecasts-whale-buying-and-the-future-of-eth-in-2025]

[2] [4 Altcoins Skyrocket Over 95% as Ethereum Nears ATH— Altseason Ignites] [https://www.xt.com/en/blog/post/4-altcoins-skyrocket-over-95-as-ethereum-nears-ath-altseason-ignites]

[6] [Bitcoin Momentum Weakens at $120K, PENGU Among the Few Altcoins Holding Green] [https://www.bitcoininsider.org/article/280114/bitcoin-momentum-weakens-120k-pengu-among-few-altcoins-holding-green]