Ethereum Picks Up Pace as Market Activity Surges
Ethereum appears to be gaining traction once again, with its price climbing more than 4% over the past day to reach around $2,681. Alongside the price increase, trading activity on the token has also surged, with volume rising over 68%. This points to growing interest in Ethereum as traders return to the market in large numbers.
Market observers have begun analysing Ethereum’s potential to reclaim a stronger position. One such analyst, Rekt Capital, has noted that Ethereum’s dominance is showing early signs of stabilising around the 9% mark. This would be a positive step after a long period of decline.
Based on the chart he shared, Ethereum’s market dominance fell sharply from late 2023 to early 2025, dropping from over 18% to just above 7%. This decline showed that capital was shifting into other assets like Bitcoin, stablecoins, and various altcoins. But recent movements now indicate that Ethereum may be starting to recover some of that lost ground.
Image 1: Ethereum (Source: CryptoSlate)
Signs of a Potential Recovery
Rekt Capital pointed to a key area on Ethereum’s market share chart, between 7.5% and 9.5%, which has historically acted as a foundation during previous downturns. This same region provided support in 2019 and 2020, leading to a bounce in ETH’s market position. According to the analyst, current movements are beginning to mirror that earlier pattern.
Ethereum’s dominance has now lifted to just over 9%, showing signs of recovery from its recent low. The next major obstacle lies just beyond the 9.5% mark. If the token can push through and remain above that level, it could mark the beginning of a more sustained turnaround. Without that break, however, Ethereum could remain under pressure.
The market structure today also appears to resemble what was seen in 2020, when ETH’s dominance formed a bottom before rallying strongly. This similarity is encouraging some market participants to believe that Ethereum might be gearing up for another strong phase.
If Ethereum continues to hold support in its current range and manages to surpass the nearby resistance zone, it could attract renewed interest from investors. Such a move would likely bring increased confidence in the asset, with traders possibly shifting capital from Bitcoin and other tokens back into ETH.
Image 2: Ethereum (Source: cryptodnes)
Rising Interest and Whale Accumulation
In another sign of rising market activity, open interest in Ethereum futures has reached an all-time high, climbing to over 7 million. The increase, as highlighted by CryptoGoos, shows that traders are opening more positions, anticipating bigger moves ahead. High open interest typically signals increased speculation and greater liquidity in the market.
Sentiment from other analysts reflects a bullish outlook. Ash Crypto believes Ethereum could soon match Bitcoin’s recent strength, setting a near-term goal of $3,200. Another well-followed figure, Kaleo, expects ETH to rally much higher, suggesting a move beyond $4,000 could happen if current conditions hold. If this plays out, it could also trigger strong gains across the wider altcoin market.
Ethereum’s growing influence has now pushed it into the top 40 global assets by market capitalisation. It currently ranks 34th, placing it alongside some of the world’s biggest companies and financial assets.
Large holders have started accumulating again. Lookonchain reported that four new crypto wallets recently withdrew nearly 4,400 ETH — worth around $11.7 million — from the OKX exchange. Such withdrawals often indicate that those funds are being moved for long-term holding, a sign of confidence in Ethereum’s future.
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Adding to the momentum, Sharplink Gaming has raised $425 million specifically to acquire Ethereum for its corporate reserves.
All signs suggest that Ethereum may be approaching a key moment. Its price is rising, trading activity is expanding, and its share of the market is recovering after a long decline. With both individual traders and large institutions showing interest, the atmosphere around ETH feels increasingly optimistic.
