Ethereum News Today: Ethereum Surges 21% as Bitcoin Dominance Drops to 61%

Ethereum, often referred to as the king of altcoins, has seen a notable price increase of 21% over the past week. This surge is in stark contrast to Bitcoin’s modest rise of just 0.6%. As the overall cryptocurrency market hovers around a valuation of $4 trillion, Bitcoin’s share has dropped to 61%, marking its lowest point since March. This shift has sparked discussions around a possible altcoin season. With the focus shifting from Bitcoin to altcoins, the altcoin index has climbed to a level of 41. Ethereum’s potential to surpass its long-standing resistance between $3,600 and $3,900 indicates a possible target of its previous peak at $4,800.

As Bitcoin’s market dominance shrinks, investors are pivoting towards altcoins that might offer higher returns. Ethereum’s significant gains in recent weeks underscore this trend. The current weekly performance differential supports this observation. Additionally, the altcoin index rising to 41 serves as evidence of accelerated capital rotation. This atmosphere is bolstering demand for Ethereum, with investors anticipating that prices will breach critical thresholds before launching a new upward trend. Despite the robust weekly momentum, indicators like the RSI staying below the overbought threshold of 70 maintain optimism for further growth. However, the continuation of this trend hinges on whether the inflow of additional buy orders accentuates the performance disparity from Bitcoin.

Historical data suggests that Ethereum often steps up to fill any vacuum during such decline periods. The technical landscape indicates that breaking the three-year resistance zone between $3,600 and $3,900 could confirm the onset of a robust new surge. Surpassing this range positions the next technical target to potentially revisit the all-time high of $4,800. Both individual and institutional buyers have been drawing interest, with notable signs that BlackRock investors might be gravitating towards Ethereum over Bitcoin. Rising expectations are primarily shaped by the current weekly performance, the shift in Bitcoin’s market share, and an RSI that remains unheated. However, for the main scenario to materialize, the price must surpass this resistance threshold and keep gathering momentum.

Ethereum has experienced a significant surge in recent months, with its price increasing by 50% to reach $3,675 in July 2025. This upward trend is driven by a combination of factors, including the growth in staking and a generally bullish sentiment within the cryptocurrency market. Concurrently, Bitcoin's market share has declined, falling to 61.6%, its lowest level in recent times. This shift in market dynamics has sparked discussions about the potential for Ethereum to continue its rally and possibly reach new all-time highs. The price of Ether, the native cryptocurrency of the Ethereum network, has recently risen by almost 6% to over $3,600, marking its highest level in months. This increase has been accompanied by a drop in Bitcoin's price, further highlighting the changing landscape of the cryptocurrency market. The Relative Strength Index (RSI) indicates that despite the recent surge in demand, Ethereum is not overbought, suggesting that there is potential for further gains.

Ethereum's performance has outpaced that of Bitcoin in the last week, with a 21% price increase. This gain has coincided with the beginning of an altcoin season, where investors are shifting their focus from Bitcoin to alternative cryptocurrencies. As a result, Bitcoin's market share has dropped to notable lows, with its dominance falling to 61%. This shift has led to increased interest in Ethereum, as investors seek out coins that are well-positioned to deliver returns. The decline in Bitcoin's dominance has also sparked a surge in talks about the beginning of an altcoin season. The altcoin index has risen to 41, indicating that investors are moving their funds from Bitcoin to other crypto assets. This trend supports the bullish narrative for Ethereum, as investors shift their focus to this altcoin in hopes that it will target new highs.

Ethereum's price has registered strong gains in the last week, creating an all-around demand for altcoins. This has led to a crash in Bitcoin's dominance, making the case for an Ethereum rally to $4,800. However, for Ethereum to confirm the possibility of a strong uptrend, it needs to cross a crucial resistance level between $3,600 and $3,900. If the ongoing buying pressure from both retail and institutional investors continues, Ethereum could cross above this resistance and target the next price level of $4,800. The surge in Ethereum's price has been supported by nearly $900 million in investments, marking one of its strongest performances of the year. This move has been driven by a wave of regulatory clarity and institutional interest, further fueling the cryptocurrency's upward trajectory. Ethereum's price has recently surged past $3,600, and it has posted a 3.48% 24-hour gain, climbing past $3,500. This performance has been one of its strongest of the year, supported by a wave of regulatory clarity and institutional interest.

The decline in Bitcoin's dominance has also led to increased interest in other altcoins, such as XRP. As Bitcoin's market share continues to fall, Ethereum and other altcoins are gaining ground, potentially signaling the beginning of a new altcoin season. This shift in market dynamics has led to increased interest in Ethereum, as investors seek out coins that are well-positioned to deliver returns.