Ethereum Hits $4,300 for the First Time Since December 2024 — Here’s the Analysis!

Updated

August 11, 2025

Gambar Ethereum Hits $4,300 for the First Time Since December 2024 — Here’s the Analysis!

Jakarta, Pintu News – Ethereum made history again on Monday (11/8/25) after breaking through the psychological level of IDR 69 million or equivalent to $4,300 for the first time since December 2024.

This increase is an important milestone for the crypto market in 2025, especially since ETH is increasingly eroding the dominance of Bitcoin market capitalization, which is now below 60.7%.

Check out the full analysis from Rekt Capital and other crypto analysts on ETH price movements in this article!

Ethereum Enters “Reaccumulation Zone”

$ETH Dominance

Ethereum Dominance is already ~50-60% of the way in its Macro Uptrend#ETH #Crypto #Ethereum pic.twitter.com/regkPlcSeF
— Rekt Capital (@rektcapital) August 8, 2025

Ethereum’s 1.7% one-day price increase is considered a strong signal that the crypto market is entering a new bullish phase. Popular trader Rekt Capital thinks ETH’s market dominance has already reached 50-60% of the macro upside path, comparing the current price movement pattern to the bull run trend in 2021.

This data shows that investor interest in ETH is strengthening, especially amid positive sentiment towards the Ethereum ecosystem.

$ETH continues to outperform $BTC 🚀

Just today, a whale bought 10.4K ETH worth $40.5 million via OTC.

Yesterday, Fundamental Global Inc filed a $5 billion shelf offering to buy more ETH.

It feels like the $4K ETH resistance won't be there for long. pic.twitter.com/Zjsw1xhStS
— Cas Abbé (@cas_abbe) August 8, 2025

Some analysts have also noted investors’ preference for ETH over BTC in the short term.

As $ETH broke through $4,000, whale 0xaf6c just bought 1,390 $WETH($5.56M) at $4,000.

He then deposited this 1,390 $WETH into Aave, borrowed 52.83 $WBTC($6.17M) from #Aave, and swapped it for 1,539 $WETH($6.17M).https://t.co/kvuHUiE6C2 pic.twitter.com/8lAwv4BA3F
— Lookonchain (@lookonchain) August 8, 2025

Trader Cas Abbe observed large-scale buying, while analytics platform Lookonchain detected whale transactions trying to capitalize on ETH’s relative strength.

This reinforces the view that Ethereum is in areaccumulation zone, potentially fueling the next price increase.

Liquidation Pressure and Further Upside Opportunities

Exchange order book data shows a large “wall” of liquidation of long positions below the $3,960 level. According to TheKingfisher’s X account, this situation is often exploited by large investors or smart money to enter the market at lower prices before pushing prices back up.

🚨 $ETH Look at this liquidation map. A massive wall of long liquidations below current price ($3960). This is what smart money hunts. Most traders see a dump, we see a re-accumulation zone waiting to get fueled. This optical_opti timeframe usually clears in days. Are you… pic.twitter.com/cAWmxPSqwp
— TheKingfisher (@kingfisher_btc) August 8, 2025

“Most traders see this as a dip, but we see it as a regrouping zone ready to trigger a rally,” writes TheKingfisher.

This creates an opportunity for Ethereum to continue its upward trend. With a short distance to the record high price of $4,878, market participants will be monitoring the resilience of the $4,000 level as an important point to determine the next direction.

Bitcoin’s dominance faces an inevitable decline

While Ethereum rallied, Bitcoin lost some of its dominance in the crypto market. BTC’s market capitalization dominance fell below 60.7% and is on the verge of important support levels.

According to Rekt Capital’s analysis, although BTC still has a chance to rebound towards the traditional peak in the 70% range, the long-term downward trend is difficult to avoid.

#BTC Dominance

As long as Bitcoin Dominance continues to hold its multi-year technical uptrend…

It will continue to remain in a Macro Uptrend

And for as long as the Macro Uptrend stays alive, there will always be a technical possibility for a final leg to the high 60%, low…
— Rekt Capital (@rektcapital) August 8, 2025

He predicts that once this long-term technical trend is broken, BTC’s dominance could plummet to a low of 40% or even a high of 30%. This will provide more room for altcoins, including ETH, to expand their share of the cryptocurrency market.

he phenomenon also marks a significant shift in the crypto market landscape, where altcoins are beginning to challenge the dominant position Bitcoin has held for over a decade.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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