Ether (ETH) has reached $4,000 for the first time in eight months, marking a significant milestone for ETH bulls amid a broader altseason. As Ether regains this key psychological level, Bitcoin's dominance in the cryptocurrency market continues to decline, now falling below 60.7%. Data indicates ETH/USD hit $4,012 on Bitstamp, with an increase of around 1.7% on the day. Analysts such as Rekt Capital suggest that Ethereum is on track for a macro uptrend, estimating it has achieved about 50-60% of this goal. Large-scale purchases by investors indicate a preference for Ether over Bitcoin, with some traders viewing the current market conditions as a re-accumulation zone rather than a sell-off. While Bitcoin's dominance could experience short-lived rebounds, many analysts believe a longer-term decline is inevitable, with predictions of it potentially falling into the low 40% range in the future. Investors are encouraged to conduct their own research before making trading decisions.

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