Ethereum News Today: Ethereum Surges 50% to $3,675 as Bitcoin Dominance Drops to 61.6%

Ethereum's price prediction has surged following a decline in Bitcoin's market dominance, leading many to speculate about Ethereum aiming for $4,800. This shift is driven by changing dynamics in the crypto markets, as revealed by on-chain data. Ethereum's potential price surge could reshape market strategies and impact the dominance of alternative cryptocurrencies. Traders are closely monitoring on-chain data for shifts that may influence future market behavior.

Ethereum is experiencing an uptick in its price predictions as Bitcoin's market dominance wanes. Institutional involvement and changing on-chain data have bolstered Ethereum's position in recent market analysis. The potential rise of Ether to $4,800 remains a topic of speculation. Influential market players are noting the mispricing between Ethereum and Bitcoin, suggesting ETH could see significant gains in the near future.

Should Ethereum's price continue its upward trajectory, financial markets could see a shift. Institutional investors, already drawn to updated staking products, might further influence ETH's market behavior. With on-chain data revealing increased staking rates and a rise in TVL (Total Value Locked systems), Ethereum's role in markets grows as its liquidity dynamics shift. The deflationary pressures further highlight the changing market landscape.

As Bitcoin's market share declines, Ethereum's increasing price reflects a broader shift towards altcoins. Historical trends suggest these movements might encourage further growth, especially in Layer 2 networks. Market participants anticipate continued growth in ETH's stake in broader financial systems. Historical data and rising demand indicate potential for Ethereum to challenge past price records, prompting optimism among investors. The impacts of improved rollups and lower-layer upgrades are evident, with the ecosystem remaining focused on scalability and user experience.

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 several factors, including the growth in staking and a generally bullish sentiment within the cryptocurrency market. Concurrently, Bitcoin's dominance has decreased to 61.6%, marking its lowest level in recent times. This shift in market dynamics suggests a growing interest in alternative cryptocurrencies, with Ethereum being a notable beneficiary.

Analysts have expressed optimism about Ethereum's future price movements, anticipating that its price could reach new heights as adoption and institutional interest continue to accelerate. Ethereum has outperformed both Bitcoin and Solana, surging past $3,200. This performance is indicative of a broader trend where Ethereum is gaining traction among investors and traders alike.

The bullish sentiment surrounding Ethereum is further supported by technical indicators and market data. Ethereum has held firm above the $3,500 level, a key support reclaimed last Friday, signaling renewed strength in the market. The cryptocurrency has surged over 70% since late June, entering a new bullish phase driven by rising demand and institutional interest. The momentum has shifted clearly in favor of the bulls, with technical structure and price action aligning to support further upside.

CryptoQuant data shows that Ethereum open interest has reached an all-time high, pointing to growing trader activity and rising capital in ETH derivatives markets. This surge in open interest often precedes large price movements, suggesting that Ethereum could see heightened volatility and expansion in the coming days. The combination of sustained price levels, strong trend continuation, and increasing participation sets the stage for a potentially explosive move. If bulls can maintain control above $3,500, Ethereum could be gearing up for a fresh leg higher in the short term.

Ethereum's network growth remains steady, with rising active addresses, validator participation, and increased activity on Layer 2s. More importantly, the recent passage of the GENIUS Act in the US provides legal clarity for stablecoins and lays the foundation for broader crypto regulation, benefiting Ethereum directly as the base layer for DeFi and real-world asset tokenization.

Ethereum has confirmed a powerful breakout above the psychological $3,500 level, closing at $3,588.26 on the 3-day chart. The move follows a strong rally from late June lows, with the price now up over 70% in less than a month. Importantly, ETH has broken past all major moving averages, including the 50, 100, and 200 SMAs, signaling a shift toward bullish momentum across longer timeframes. Volume has increased significantly during this breakout, reinforcing the strength of the move. The next major resistance lies at $3,742.95, a level that previously acted as a local top earlier in the year. A successful close above this mark could open the door for a retest of the $4,000–$4,200 range. On the downside, $2,852.16 now serves as a key support level. This level marked previous consolidation and breakout, aligning with the confluence of former resistance and the 200-day moving average. Holding above this zone is critical to maintain the current bullish structure.

The coming week could prove pivotal for Ethereum’s medium-term trend. As the market awaits confirmation, all eyes are on ETH to see whether this momentum can drive it toward new 2025 highs. The recent passage of the GENIUS Act in the US provides legal clarity for stablecoins and lays the foundation for broader crypto regulation, benefiting Ethereum directly as the base layer for DeFi and real-world asset tokenization. This regulatory clarity, combined with the growing institutional interest and technical indicators, positions Ethereum for a potential surge in the near future.