Ethereum has reclaimed more than 10% of the total cryptocurrency market capitalization after outperforming every other top 10 digital asset over the past week, fueling renewed optimism among investors despite the absence of a clear catalyst behind the rally.
According to CoinGecko data, Ethereum’s market capitalization has climbed to approximately $233.2 billion, while the total cryptocurrency market is valued at just over $2.34 trillion. As a result, Ethereum’s market dominance has risen above the psychologically significant 10% level after spending several weeks below that threshold.
BIT analyst Markus Thielen described the recovery in Ethereum’s market share as an encouraging development, noting that previous increases in ETH dominance have often coincided with periods of stronger bullish momentum across the market.
Although Ethereum gained more than 4% over the previous 24 hours and nearly 9% during the past week, Thielen acknowledged that no single event appears to explain the latest surge, making the rally particularly noteworthy.
Growing interest from high profile investors has also added to the positive sentiment. BitMEX co founder Arthur Hayes recently purchased more than 1,332 ETH, valued at over $2.5 million. The acquisition followed another multi million dollar Ethereum purchase he made just days earlier, highlighting continued confidence from one of the industry’s best known traders.
BIT’s latest market report also pointed to improving macroeconomic conditions as a supportive factor. Softer than expected US inflation data helped reverse market weakness that followed renewed geopolitical tensions between the United States and Iran, allowing both Bitcoin and Ethereum to recover strongly.
Bitcoin ended the week above $65,000 with gains of nearly 4%, while Ethereum advanced more than 7% to reclaim the $1,900 level. The latest rally also marked Ethereum’s second consecutive week of outperforming Bitcoin, pushing the ETH/BTC ratio higher from its June low of 0.0264 to approximately 0.0293.
At the time of writing, Ethereum continued trading comfortably above $1,900, posting gains of roughly 8.8% over the past week and more than 12% during the previous month.
Among the ten largest cryptocurrencies by market capitalization, Ethereum delivered the strongest weekly performance. XRP followed with gains exceeding 6%, while Bitcoin rose approximately 5.7% over the same period.
Trading activity also accelerated significantly, with Ethereum’s daily trading volume increasing by more than 31% to reach approximately $11.6 billion.
Institutional positioning appears to be shifting in Ethereum’s favor as well. According to BIT, perpetual futures funding rates have remained relatively neutral despite the recent price appreciation, suggesting the rally has not been driven by excessive leverage.
The report also found that institutional investors have shown a growing preference for bullish call options, with call purchases accounting for more than three quarters of Ethereum block trades. Meanwhile, retail traders have largely favored call spread strategies, allowing them to gain upside exposure while limiting costs.#crypto#cryptonews https://coinsignals.nethttps://t.me/coinsignalpublic
