Ethereum (ETH), the largest altcoin by market capitalization, has become the main driver of the current cryptocurrency market surge. Amid Bitcoin dominance falling below its two-year trendline and capital flowing into altcoins, ETH has posted an impressive 20% weekly gain.
After a strong rebound from the $3,354 support level, ETH broke through the key psychological barrier of $4,000, reaching a local high at $4,206. This move has become a clear signal not only for investors but also for traders, who see it as confirmation of a new bullish momentum.
📈 Technical Overview:
ETH broke above its 50-day SMA and consolidated there, strengthening buyers’ positions.
Trading volumes on both spot and derivatives markets increased by 18% compared to the previous week.
RSI and MACD indicators show a growing trend with no signs of overbought conditions.
Bitcoin dominance dropping from 66% to 60% in just two months suggests a capital rotation toward altcoins, with Ethereum — being the sector’s flagship — benefiting the most from this shift.
🚀 What’s Next?
If Ethereum holds the $4,000-$4,050 range as support, the next technical target lies in the $4,450-$4,600 zone. The strengthening trend in the ETH/BTC pair also points to further potential growth, even if Bitcoin moves sideways.
The market is already calling this the beginning of the 2025 Altcoin Season, and Ethereum appears set to be its leading locomotive.
