Stay connected with BizTech Community—follow us on Instagram and Facebook for the latest news and reviews delivered straight to you.
Bitcoin’s market dominance is starting to fade as it stays around $118,000–$120,000. This has led to predictions that Ethereum (ETH) could be on the verge of a big rally. Analysts say that in the past, when Bitcoin’s dominance (BTC.D) has gone down, it has been followed by big rises in altcoins, with Ethereum often leading the way.
ETH just broke the important $4,000 mark and hit $4,300. This could be the start of a new all-time high (ATH), which could go as high as $6,400 or more. With Rp224.11 trillion in transactions by June 2025, Indonesia’s 15.85 million crypto users will have to be careful as they navigate this new industry.
Bitcoin’s dominance is going down: Is this good news for ETH?
According to TradingView, Bitcoin’s dominance, or the ratio of its market cap to the whole crypto market, has plummeted to 60.7%, down from a high of 64.5% in July 2025. This 5.6% drop, the smallest in four months, shows that money is moving away from Bitcoin and toward altcoins, with Ethereum leading the way.
In the past, these kinds of losses have meant that altcoins, like ETH, do better than Bitcoin. Analyst First1Bitcoin said in a Telegram post on August 10, 2025, “The last time Bitcoin dominance broke its uptrend, Ethereum hit its all-time high of $4,900.” Since late 2022, we’ve seen that upward trend break again, and ETH is currently worth more than $4,000.
This is comparable to what happened in the market in 2021, when ETH shot up 400% amid a similar fall in dominance. Ethereum’s latest rise to $4,300, which set a support level around $4,000 (a previous resistance zone), strengthens the evidence for a positive trend. Technical indicators, such as the Relative Strength Index (RSI) at 36 on daily charts, show that ETH is not overbought, which means it can still go up.
Institutional Adoption Gives ETH More Power
Ethereum’s rise is supported by more and more institutions showing interest. FXStreet says that companies including Sharplink Gaming, Bit Digital, and Bitmine Technologies are collecting ETH. Bit Digital has more than 120,000 ETH in reserves.
Lookonchain’s reports of whale transactions and institutional buying show that people believe in Ethereum’s long-term value. The network’s dominance in decentralized finance (DeFi) and non-fungible tokens (NFTs), which make up more than 50% of the stablecoin market, makes it even more appealing.
The GENIUS Act, which President Donald Trump signed into law, is a big reason why stablecoin rules are clearer. Ethereum is the main blockchain for stablecoins like USDT and USDC. This means it will benefit from more institutional use, especially since the U.S. is looking into using crypto in 401(k) plans.
The OJK’s oversight and Bank Indonesia’s payment restriction prevent these kinds of direct effects in Indonesia, where regulators are careful. However, global trends could influence local officials, as evidenced in recent talks about Bitcoin as a reserve asset.
What are the price projections? $6,400 or more?
Analysts think that ETH’s path is a good one. Other reports agree with First1Bitcoin’s prediction of $6,400, which depends on Ethereum staying over $4,000. This goal is based on the idea that the bullish structure observed in ETH’s recent breakout will continue, and that resistance above $4,900—the previous ATH—could give way to higher levels. Standard Chartered, on the other hand, has lowered its 2025 target from $10,000 to $4,000. It says that fundamental problems in Ethereum’s ecosystem, like competition from Layer-2, could be a problem.
Arthur Hayes’ negative prediction that ETH will decline below $3,000 is an example of a contrarian opinion that shows the risks that come with macroeconomic factors like U.S. tariff policies and slow global credit expansion. The Crypto Fear and Greed Index is at 65 right now, which means that the market is leaning toward optimism. This means that ETH could take advantage of Bitcoin’s drop in dominance.
Risks and Things to Think About Strategically
Even though things look good for ETH, it still has problems. On August 4, 2025, Ethereum ETFs lost $465 million, their worst day ever. This showed that short-term investors were being careful. ETH’s advances have been halted several times by technical resistance between $3,900 and $4,100, and a bearish divergence on daily charts warns of possible pullbacks. Investors in Indonesia, where crypto prices can change quickly (as shown by a 34% reduction in transactions in June 2025), need to think about these dangers versus the excitement throughout the world.
First1Bitcoin’s recommendation to traders to establish strategic positions before a cryptocurrency rally is interesting, but they should be careful. The OJK’s focus on risk management, which is similar to U.S. fiduciary concerns for 401(k) plans, shows how important it is to do your homework. Indonesian investors may have to stick to regulated platforms like Bittime or Pintu, which offer real-time ETH/IDR tracking to help them deal with market swings.
A Chance to Do Something
Ethereum’s rise beyond $4,000 and Bitcoin’s loss of dominance make it possible for Ethereum to reach a new all-time high, with $6,400 as a likely short-term goal. This view is supported by institutional adoption and regulatory tailwinds, such as the GENIUS Act. However, macroeconomic risks and ETF outflows mean that caution is still needed. This change throughout the world gives Indonesia’s crypto community hope, even though adoption is slow because of regulatory issues.
Ethereum’s time may be coming when Bitcoin settles around $120,000. A user named @TedPillows said, “ETH/BTC is going up only.” Don’t let short-term corrections get in the way—alts are going substantially higher. The way the market is right now, it looks like a key time for altcoin investors, with Ethereum leading the way. Whether ETH hits $6,400 or not, it will be a key time.
