- Ethereum value is close to $3,800 amid recent upside momentum.
- Arthur Hayes targets $5k as QCP analysts level to ETH dominance leaping to 11.5%.
- The broader altcoin market is basically bullish as Bitcoin consolidates after hitting a brand new all-time excessive.
Ethereum (ETH) has emerged as one of many altcoins to realize large consideration after surging from under $2,500 to $3,800 and now focusing on the $4k degree.
Amid value forecasts that see ETH bulls goal additional positive aspects, Arthur Hayes, former BitMEX CEO, has puzzled whether or not consumers can push to $5k this week.
Analysts at QCP are additionally bullish on Ethereum because the altcoin’s dominance jumps to above 11% as Bitcoin’s market share drops to 60%.
Ethereum value rises as bulls goal extra positive aspects
As of writing, Ethereum value hovers round $3,773, barely off intraday highs of $3,819 reached earlier within the day.
The worth degree places Ethereum on observe to interrupt above $4,000 amid its newest robust uptrend. Based on market knowledge, ETH’s present value is up simply 2% within the final 24 hours.
Nevertheless, the highest altcoin’s value is up 24% previously week and greater than 58% previously month.
Lookonchain has shared data displaying ETH whales have aggressively accrued in the previous week, with over $2.7 billion in Ethereum scooped.
Arthur Hayes famous:
Fam can we pump $ETH to $5k by Friday?
— Arthur Hayes (@CryptoHayes) July 21, 2025
ETH value prediction
The Ethereum value is in bullish momentum and has strengthened restoration for many cash, with the Ethereum value gaining amid a surge in its market dominance.
QCP analysts have recognized this outlook for ETH and shared their optimistic predictions for the altcoin via X.
Notably, Ethereum is recording a surge in market share dominance as Bitcoin’s dominance slips from highs of 64% to 60%. Ethereum has climbed from 9.7% to 11.6%.
“Is altcoin season lastly right here? Altcoin season indexes have surged previous 50 throughout main sources, the very best since December. $ETH perpetual open curiosity has spiked from underneath $18B to over $28B in per week, and this time it seems like establishments are main the cost, not retail,” QCP posted.
Per their insights, the GENIUS Act and its signing into legislation on July 18, 2025, could possibly be a “main catalyst.”
On the invoice, the analysts famous:
“It introduces a transparent regulatory framework for stablecoin issuance, spurring renewed curiosity in $ETH and different L1s that host stablecoins.”
On this case, many company treasuries wish to faucet into the chance with purchases of Ethereum, Solana, XRP, and Cardano. Income from Bitcoin are going into Ethereum and different altcoins.
The rotation might speed up Ethereum’s positive aspects, significantly if the US Securities and Trade Fee approves staked ETH exchange-traded funds.
Based on QCP, the market has seen spot ETH ETF inflows outpace Bitcoin’s for 2 consecutive days.
The mix of institutional inflows, regulatory readability, and technical power positions ETH for a big breakout.
