Ethereum Price Prediction: ETH Soars 20% as Bitcoin Dominance Drops, Can Ethereum Hit $4,000 in Altcoin Season?

Ethereum’s (ETH) latest bout of recovery is igniting hopes of an altcoin season, especially as Bitcoin’s market dominance has been slowly declining since June 27.

ETH surged nearly 20% over the past week, reclaiming the $3,100 level for the first time in over five months. At the same time, BTC (which remains in price discovery around $117,500) has seen an over 3% decline in its market dominance over the past few weeks, creating favorable conditions for altcoins to thrive.

Traders are now wondering if ETH can sustain this momentum and reach the long-awaited $4,000 mark as a new altseason unfolds.

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Can Ethereum Break Above $4,000? Key Levels to Watch

ETH is already up roughly 50% from its June 22 low, buoyed by whale accumulation and record institutional inflows into Ethereum exchange-traded funds (ETFs). Net inflows into ETH ETFs in the first half of July have crossed $1.55 billion – a figure that’s already exceeded June’s total of $1.16 billion.

Market commentators now see strong potential for ETH to break above $4,000 in the coming weeks. One of the primary reasons behind this is ETH breaking above the crucial $2,800 resistance, with its sights set on the next barrier around $3,300.

A decisive daily close above $3,300 could clear a path to the psychological $4,000 target.

Adding to the optimism, the well-known analyst Javon Marks has outlined upside targets at $4,800 and beyond for ETH.

In the meantime, Bitcoin’s share of the crypto market’s total value has begun to pull back, falling to roughly 63.8% from about 66% in late June – indicating that capital is quickly rotating into altcoins. Although CoinMarketCap’s altseason index is yet to confirm an altcoin season, it has nonetheless started moving in favor of altcoins.

This is why savvy investors are now also backing early-stage altcoins with real-life utility – especially Snorter Token (SNORT), which has already raised $1.6 million in its recently launched presale.

Traders Flock to Snorter Bot: Is SNORT the Next Explosive Altcoin?

Snorter Bot is a Telegram-based bot that’s designed specifically for crypto trading. Built on Solana for maximum throughput, Snorter Bot will allow sub-second trade execution by leveraging a custom RPC infrastructure. This means that users can snipe newly launched tokens faster than typical browser-based bots or any human could, by targeting the token’s contract address the moment it hits the market.

The bot will also reward SNORT token holders with ultra-low fees, reducing transaction costs to just 0.85% per swap, compared to 1.5% for non-holders.

More importantly, Snorter Bot will come equipped with advanced smart contract risk checks that helped it achieve an 85% success rate in detecting rug pull and honeypot scams during closed beta testing. It will also perform live blacklist scans and offer freeze alerts on new tokens, aiming to shield users from malicious projects that could otherwise drain funds instantly.

Snorter Bot will streamline the entire trading experience into a simple Telegram-based interface. Traders can execute swaps, set up snipes, mirror trades, and monitor their portfolio performance within a Telegram chat window, without needing external exchanges or a cluttered dashboard.

Newcomers to bot trading can take advantage of Snorter Bot’s copy trading feature, which allows users to automatically mirror the moves of top-performing wallets in real time while maintaining control over position sizes.

You can still purchase SNORT for $0.0983 before the price increases in under 24 hours. Buyers can immediately stake the tokens for an APY of up to 203% during the limited-time presale.

Visit Snorter Token Presale

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Nikolay Kolev

Nikolay is a crypto enthusiast, with a keen interest in emerging technologies and investment strategies. He holds active positions across various crypto exchanges, regularly analyzing and investing in promising new projects and meme cryptos. Nikolay is known for his ability to take calculated risks and extract value from unconventional investments, with his highest return being 13X with the $PEPE token. His investment philosophy includes a strategic approach focused on long-term growth, supported by in-depth research of market trends and innovations in crypto and blockchain technologies. Niki actively monitors global market changes and has a deep understanding of cryptocurrency mechanisms and their potential for development.