Crypto: Ethereum’s Dominance Peaks — What’s Next for the Market?
In August, Ethereum reached 14.98% dominance, its highest since September 2024, accompanied by a historic record. At the same time, bitcoin fell to 58.2%, its lowest since January 2025. This shift reflects a capital reallocation within the crypto market: whales, notably on Binance, are now accumulating ETH, confirming that Ethereum is no longer a mere supporting role, but a real growth asset compared to bitcoin, still seen as a safe haven.
In brief
- Ethereum climbs to 14.98% dominance, its highest level since 2024.
- Bitcoin falls to 58.2%, confirming a capital rotation.
- Whales and institutions now see Ethereum as the driver of the crypto market.
Ethereum: the game of musical chairs
The numbers speak for themselves. Over 30 days, bitcoin lost nearly 5%, while Ethereum soared by 23.4%. Such a divergence is not incidental: it reflects a real capital rotation.
Investors are not leaving crypto. They are reallocating their funds. And this massive choice of Ethereum is not by chance.
Behind it, there is a usage logic. Ethereum feeds DeFi, NFTs, L2 solutions and smart contracts which bitcoin does not offer. In other words, its value is not limited to the narrative of “digital gold.” It relies on a dynamic ecosystem, used daily.
As historical bitcoin wallets unload their holdings in favor of Ethereum, a whole balance is being reshaped. Dominance is no longer granted: it is negotiated day by day.
Institutional appetite changes the game
What distinguishes this accumulation wave is the involvement of institutions. Public companies are massively investing in ETH, injecting billions of dollars.
This radically changes market perception: Ethereum is no longer reserved for developers and blockchain geeks, it enters the strategic portfolios of large entities.
At the same time, ETH reserves on centralized exchanges have dropped to 18.3 million, a historic low. Less available supply, more institutional demand: the mechanism is clear. It prepares favorable ground for sustained upward pressure.
This institutional movement gives Ethereum additional legitimacy. Unlike bitcoin, whose role is often limited to store of value, ETH now presents itself as the infrastructure for a tokenized financial future.
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Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.