🚀 Ethereum Blasts Past $4,500—ATH in Sight as Altcoin Season Heats Up

Ethereum isn't just climbing—it's gunning for the stratosphere. With the $4,500 barrier shattered, the crypto giant is now eyeing its all-time high, leaving traders scrambling to reposition.

Altcoins are waking up, too. The surge has sparked fresh capital rotation out of Bitcoin—because why park money in digital gold when you can chase 10x moonshots, right?

Meanwhile, Wall Street analysts are still 'evaluating the asset class'—translation: they missed the boat again. The real action? It's happening on-chain, where decentralized finance protocols are eating traditional finance for breakfast.

One thing's clear: when ETH moves, the entire altcoin market dances. Buckle up.

Ethereum ETFs See $1.5B Inflows in 2 Days

Helping to fuel Ethereum’s price rally was the biggest-ever day of exchange-traded fund (ETF) inflows on Monday, surpassing the $1 billion mark. On the same day, bitcoin ETFs attracted $178 million, which is over five times less than Ether’s.

Inflows persisted on Tuesday, with Ethereum ETFs adding another $523 million, clearly showing that institutional interest is strong. This could signify that Ethereum is gaining preference as a high-growth alternative while Bitcoin consolidates near its record highs.

Corporate demand has also contributed to the ethereum price rally, with BitMine Immersion Technologies officially announcing on Tuesday that it plans to raise up to $20 billion more to buy Ether.

This will increase the firm’s Ethereum holdings to $24.5 billion, including the $4.96 billion already committed.

Also on Tuesday, SharpLink announced that it will offer company securities to raise $389 million to acquire more $ETH for its treasury.

The bullish effect of corporate and institutional buy-ins has been amplified by improved jobs data and only a mild increase in inflation in the US, which Treasury Secretary Scott Bessent labelled “fantastic” and then called for a 50bps interest rate cut in September.

Traders Back $ETH for Bigger Gains

In previous market cycles, Ethereum has reached a market capitalization that is 35% of Bitcoin’s, indicating it could hit highs of $8,500 this year if Bitcoin reaches $150,000.

“In major bull runs, ETH typically hits 30-35% of Bitcoin’s market cap,” explained crypto trader Yashasedu on X, before underlining that a “similar setup” is taking place this cycle.

In major bull runs, $ETH typically hits 30-35% of Bitcoin's mcap.

2017: ~35%
2021: ~36%

We're seeing similar setup now👇

> TVL on @ethereum crossed $90B after 2022
> Institutions buy billions of dollars worth of $ETH
> Billions of dollars of ETF inflow
> Stocks transitioning… pic.twitter.com/xuaCOAfw9P

— YashasEdu (@YashasEdu) August 10, 2025

Meanwhile, analyst Michael van de Poppe compared Ethereum’s current move to Bitcoin’s post-ETF rally, “We’ll likely see a new ATH for $ETH and then some consolidation. There’s way more to come for this cycle.”

Ethereum’s 27% weekly gain has snagged market share from Bitcoin, reducing Bitcoin Dominance and fueling hopes of an upcoming altcoin season.

“Currently, BTC.D on the weekly chart shows clear weakness, and if it breaks down, we will see alts exploding,” wrote analyst Bull Theory on X, adding, “BTC.D can drop to the 45% level in the next 6 months; this is where altcoins pump 10x to 50x.”

Capital Rotates into Smaller Altcoins

Smart investors are well aware of the changing market conditions favoring altcoins, so they are going shopping. Two of the biggest winners have been presale tokens Bitcoin Hyper and TOKEN6900, each drawing massive capital during their fundraising rounds.

Bitcoin Hyper is a Bitcoin layer 2 blockchain designed to improve Bitcoin’s speed and functionality constraints. It uses Solana VIRTUAL Machine execution and ZK-rollups to uplift scalability and introduce smart contract support without compromising on security.

The goal is to create a Solana-aligned ecosystem on Bitcoin. It will benefit from Bitcoin’s security features and its significantly larger market cap, which is over 22 times bigger than Solana’s, while offering fast and seamless applications similar to those on solana itself.

Its presale has raised $9 million so far, with a huge $700,000 coming in just the past 24 hours. The momentum is growing rapidly, suggesting Bitcoin Hyper could become one of the top performers once it lists on exchanges, especially because of its innovative use case.

TOKEN6900 is another popular presale happening now, following the model of SPX6900, a top meme coin that skyrocketed about 10,000% this year.

The project follows the same simple plan – no utility, no fundamentals, but maximum ‘69 energy.’ Though it sounds wild at first, SPX6900 reached a $2 billion market cap using this same 69-fueled meme approach.

TOKEN6900 offers additional benefits, such as staking rewards, and also has a much lower price than SPX6900. It will list on exchanges at just a $6 million fully-diluted market cap, leaving plenty of room for growth.

So far, the TOKEN6900 presale has raised $1.9 million, with over $100,000 coming in just the past 24 hours. This shows a big jump compared to daily inflows in previous weeks, indicating that momentum is building and a presale sellout may be near.