Ether Surpasses $4,000 Amid Declining Bitcoin Dominance and Growing Altcoin Interest

Key Points

1. Ether reached $4,012 on Bitstamp, gaining 1.7% in a day, and its market cap is increasing as it captures a larger share from Bitcoin.

2. Bitcoin's market dominance is declining, falling below 60.7%, as Ether gains traction.

3. Factors contributing to Ether's price increase include whale purchases and a growing preference for ETH over Bitcoin.

4. Analysts suggest Ether is in a 'reaccumulation zone,' with potential for further gains, while Bitcoin's dominance faces an 'inevitable' decline.

5. Exchange order book data indicates a 'massive wall of long liquidations' beneath $3,960, suggesting market readiness for further ETH price movements.