Ethereum market dominance rebounds to 10% as ETH outperforms

Ethereum (ETH) regained market dominance above the 10% level on Tuesday after several weeks below it. CoinGecko data puts ETH’s market cap around $233.2B, while total crypto market value is just over $2.34T—lifting ETH’s share to slightly above 10%, a “psychologically important” threshold. Price action is the headline driver. ETH gained nearly 9% over the last seven days and was up more than 4% in 24 hours at the time of reporting. The rally also beats other top-10 coins, with Ethereum posting the best weekly performance among large-cap assets. ETH traded above $1,900, up about 8.8% on the week and more than 12% over 30 days. Traders may also watch relative strength. The ETH/BTC ratio rose to 0.0293 from a June low of 0.0264. BTC ended the week above $65K (up nearly 4%), while XRP rose more than 6%. Derivatives and flow signals were mixed-to-supportive. ETH daily trading volume jumped more than 31% to $11.6B. Perpetual funding rates stayed near neutral and implied volatility remained relatively subdued, suggesting the move wasn’t driven by extreme leverage. Options positioning leaned toward calls: buy-call activity accounted for over three-quarters of Ethereum block trades, while retail preferred call spreads. Notably, one analyst said there was “no immediate catalyst” for the dominance rebound, making the move harder to attribute to a single event—similar to past rotations where market sentiment shifts before clear fundamentals catch up.