ETH/BTC Ratio Hits New High as Ethereum Dominance Skyrockets, Is $4000 Locked In?

Key Insights

• ETH/BTC ratio surged to 0.02549 on July 4, 2025, signaling increased investor confidence in Ethereum over Bitcoin.
• Ethereum’s market dominance climbed above 10%, its highest level since March 2020, hinting at a possible altcoin season.
• Arthur Hayes projected Ethereum price could hit $10,000, citing strong fundamentals, developer activity, and growing institutional interest.

Ethereum hitting the $4,000 mark is one of the most discussed price predictions of the past several months. This time, the analysis is based on the ETH/BTC ratio, once again.

Ethereum price and market value climbed against Bitcoin since the start of this month, with the ETH/BTC ratio reaching 0.02549.

This shift, driven by key upgrades and market activity, pushed Ethereum’s dominance above 10%.

Notably, it has raised expectations of market participants for a potential rally toward $4,000.

ETH/BTC Ratio Reaches Key Level, Market Sees Signs of Rotation

It is worth noting that the ETH/BTC ratio reached 0.02425, marking its highest point in years.

This increase showed growing interest in Ethereum compared to Bitcoin and sparked talks about a possible shift in the market.

Analysts like Michaël van de Poppe and Rekt Capital noted that the move resembled past cycles where Ethereum gained momentum.

They pointed out that the ratio had bounced from a long-term support level that was last tested in 2020. This same level had been linked to past Ethereum runs.

Data from CryptoQuant also showed that the ETH/BTC ratio had already jumped 38% in May.

That kind of move, according to past reports, often followed periods when Ethereum had been undervalued.

Technical charts also supported the trend, with a bullish MACD crossover appearing on the weekly timeframe.

Ethereum was trading at $3,150.92 as of the time of writing. Trading volumes on Binance, Coinbase, and other platforms increased, indicating that more investors were paying attention.

It is worth mentioning that one of the significant reasons behind the rally was Ethereum’s recent Pectra upgrade.

This upgrade focused on improving the network’s performance and has attracted strong institutional interest.

Ethereum Gains Market Share, Sparks Altcoin Buzz

Ethereum’s share of the overall crypto market passed 10% in July 2025. This marked its highest level since March 2020.

Rekt Capital, a market analyst, shared the update on X, highlighting a possible pattern similar to one seen between 2019 and 2020.

If that pattern repeats, Ethereum price might continue to gain ground in the coming months.

Michaël van de Poppe added that when Ethereum gains strength like this, it often leads the way for altcoins.

Some movements have already started. XRP and SUI, for example, saw price jumps of 2.36% and 5.8% within a day, according to CoinMarketCap.

Notably, the Altcoin Season Index, which measures altcoin strength compared to Bitcoin, was still at 30 out of 100.

This meant Bitcoin still led the market overall, but the numbers showed that attention is slowly shifting.

Ethereum ETFs also recorded increased inflows during this time, and developer activity on the Ethereum network continued to rise.

These factors added weight to the idea that Ethereum’s momentum could drive wider activity across altcoins.

Arthur Hayes Says Ethereum Price Has Room to Grow

Arthur Hayes, co-founder of BitMEX, also shared his views on Ethereum in a recent post.

He called it “ETH season” and said Ethereum still had strong foundations. Hayes mentioned total value locked and developer work as key reasons behind his confidence.

In previous comments, he also said that Ethereum could reach $10,000 over time. This will be more visible if corporate use and market liquidity continue to grow.

Hayes’ firm, Maelstrom Fund, increased its Ethereum investments recently, focusing on leading projects across DeFi.

His comments came as Bitcoin pulled back to $118,902.89. The broader market seemed to be gaining strength, adding support to Ethereum’s rise.

With the ETH/BTC ratio hitting a key level, Ethereum’s market share is growing, and altcoins are showing signs of movement.

Investors continued to watch for what might come next. Whether the Ethereum price reaches $4,000 may depend on how long this momentum lasts.