Ethereum News Today: Ethereum Surges 21% Outpacing Bitcoin's 0.6% Gain

Ethereum, the leading altcoin, has surged by 21% in the past week, significantly outpacing Bitcoin's modest 0.6% increase. This performance has led to a decline in Bitcoin's market dominance to 61%, the lowest level since March. The broader cryptocurrency market has stabilized around $4 trillion, with the altcoin index rising to 41, indicating a potential for Ethereum to break through its resistance band between $3,600 and $3,900, aiming for its historic high of $4,800.

Investors are increasingly turning to altcoins, perceiving them as offering greater returns compared to Bitcoin. Ethereum's recent gains highlight this trend, with its market share currently recorded at 61.36%. Historically, Ethereum has often filled market voids during downturns, and the disparity in weekly performance between Ethereum and Bitcoin underscores this trend. The ascent of the altcoin index to 41 emphasizes intensified capital rotation.

Ethereum's momentum is driving investor expectations to surpass critical price levels. Despite strong weekly momentum, RSI readings below the overbought mark of 70 allow room for further growth optimism. However, sustained growth hinges on increased buying activity that could widen the gap from Bitcoin further. Technically, breaking the longstanding resistance between $3,600 and $3,900 could prompt a new bullish phase. Exceeding this range sets the stage for a potential retest of $4,800. Interest from retail and institutional investors, especially noted from BlackRock, suggests a tilt towards Ethereum over Bitcoin.

Current positive trends, Bitcoin’s declining dominance, and a stable RSI shape rising expectations. Yet, for these prospects to materialize, Ethereum’s price needs to breach existing resistance zones while maintaining momentum. The accelerating shift to Ethereum, if sustained, could redefine the landscape, pending further buy pressure and resistance breakthroughs. Investors are closely monitoring the situation, with the cryptocurrency scene remaining dynamic and unpredictable.

Ethereum has recently shown significant strength in the cryptocurrency market, outperforming Bitcoin, which has been losing ground. In July 2025, Ethereum surpassed the $3,500 price threshold for the first time since February, currently trading at around $3,606. This surge comes after a month-long downtrend, indicating a potential larger move across altcoins if this trend continues. Ethereum's performance is particularly noteworthy given that Bitcoin, which had reclaimed the spotlight with a new all-time high above $100,000, has seen its dominance in the market strengthen to over 62%. Despite Bitcoin's impressive gains, Ethereum's 36% increase in the second quarter of 2025 highlights its resilience and growing influence.

The cryptocurrency market experienced a sharp recovery in the second quarter of 2025, regaining nearly $664 billion in value and pushing the total market cap back to $3.5 trillion. However, the underlying data reveals a more complex picture. While Bitcoin's dominance has increased, Ethereum's performance suggests a shift in investor sentiment towards decentralized platforms. Decentralized exchanges (DEXs) posted record growth in both spot and perpetual trading volumes, with PancakeSwap and Hyperliquid leading the charge. Spot DEX volume jumped over 25% quarter-on-quarter to $876.3 billion, while perpetual DEX volume reached a record $898 billion. This growth indicates that investors are increasingly turning to decentralized platforms for their trading activities, which could further bolster Ethereum's position in the market.

The structural transformation of the crypto trading landscape is evident as capital gravitates towards decentralized platforms. Centralized exchanges, while still dominant, are facing increasing competition from their decentralized counterparts. This shift is reflected in the declining spot trading activity on centralized exchanges, which dropped 27.7% to $3.9 trillion. In contrast, decentralized platforms have seen significant growth, with PancakeSwap alone accounting for 45% of DEX spot activity. This trend suggests that Ethereum, which is closely associated with decentralized finance (DeFi) applications, is well-positioned to benefit from the growing interest in decentralized platforms.

The performance of Ethereum is also supported by institutional investment. SharpLink Gaming's $6 billion Ethereum strategy marks a transformative move in institutional cryptocurrency investment, enhancing the role of digital assets in the financial landscape. This institutional backing, combined with the growing interest in decentralized platforms, positions Ethereum for continued growth and influence in the cryptocurrency market. As the market continues to evolve, Ethereum's outperformance relative to Bitcoin underscores its potential as a leading player in the digital asset space.