After Bitcoin printed a fresh high just yesterday, the Bitcoin Dominance (BTC.D) level is already dropping, signalling a rotation to altcoins. A realistic Ethereum price projection suggests that $3,000 is just around the corner, following ETH’s 6% overnight climb to $2,780.
Ethereum will lead any altcoin season, and the number two cryptocurrency is still 43% away from its all-time high of $4,878, highlighting the potential for a considerable move to the upside if BTC.D continues to drop.
Range high looks tired — just a matter of time now.
There is a major mispricing between $BTC and $ETH.
That discrepancy won't last much longer.
I continue to bullieve pic.twitter.com/n84uVYeHMN
— Trader Koala (@trader_koala) July 9, 2025
Ethereum Price Projection: $3,000 This Week, $4,000 In July
BTC.D has dropped under 65% for the first time in around a month and is currently sitting at 64.63%. Whenever this indicator drops off, it signals an impending rotation to altcoins, with ETH poised to lead the charge.
Under 60% for BTC.D is when things begin to heat up, and a sub-60 % reading hasn’t been seen since the beginning of February 2025. To put it into context, between November 18 and December 7 2024, BTC.D dropped from 61.2% down to 55.1%, during which time ETH surged from $2,400 to $4,015.
The historical data behind the Bitcoin dominance indicator suggests an Ethereum price projection of $4,000, if and when BTC.D drops to 55% and possibly even lower.
As for what’s next for BTC.D, after losing 65%, it’s now facing heavy resistance at the same level and appears to be rejecting. If it loses 64%, it is likely to lead to a free fall to 60%, which is also the next strong support for BTC.D.
When overlaying Fibonacci levels onto the BTC.D chart, the 0.618 level aligns perfectly with 50%, which historically triggers a bull run for altcoins and shifts the Ethereum price projection toward a new all-time high, likely surpassing $ 5,000.
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Potential Ethereum Run To Be Fuelled By Heavy Liquidations Of ETH Shorts At $2,800
ETH is currently hovering just below $2,800, at around $2,780. Once $2,800 is breached, over $150 million worth of Ethereum shorts will be liquidated, potentially adding fuel for ETH to surge to $3,000 before the week is out.
Massive liquidations are already underway, with on-chain analytics firm @Lookonchain highlighting one whale who had $26 million in unrealised profits on their ETH short before being liquidated, resulting in a $716,000 loss.
It remains to be seen whether the short positions of these ETH whales will be manually closed, added to, or left to be liquidated. Still, one thing of note is that since Ethereum breached $2,700 overnight, traders have begun favouring longs over shorts, with Coinalyze showing that the ETH Long/Short ratio has hit 1.65, with around 62.3% of positions being long and just 37.7% short.
If ETH can close the week above $2,800, not only will this result in mass liquidations of short positions, but it will also maintain the bullish structure and make the $4,000 Ethereum price projection in July a real possibility.
When $ETH hits $2,800, all these bears will get liquidated.
Let's wipe them out and fuel the next move up for Ethereum. 🚀 pic.twitter.com/EgpTwoeHvE
— Ted (@TedPillows) July 9, 2025
BONUS: With All Attention Turning To ETH, BTC Needs Bitcoin Hyper (HYPER) More Than Ever
Although BTC is the gold standard and a fast-growing go-to store of value asset, ETH stands apart as a leading digital asset with yield-bearing utility, a feature that can’t be said for Bitcoin.
Bitcoin Hyper (HYPER) could change that, as a rollup-powered Layer 2 solution for Bitcoin, utilizing the Solana Virtual Machine to bring a suite of tools to Bitcoin, from DeFi, GameFi, NFTs ,and much more.
HYPER has raised $2.2 million so far in its ongoing ICO, underscoring the demand for a project that aims to bring numerous yield-bearing opportunities to the Bitcoin ecosystem.
The hybrid functionality of Bitcoin Hyper, in being powered by Solana’s execution layer, but tethered to Bitcoin’s base layer for security, offers both developers and end users the best possible experience.
This design offers users the best of both worlds: Solana’s speeds of over 2,000 transactions per second (TPS), compared to Bitcoin’s 7 TPS, paired with Bitcoin’s unrivalled decentralization, name recognition, and trust.
The HYPER token plays a fundamental role within the Bitcoin Hyper economy; it is the backbone of the entire project. Every transfer, dApp interaction, and smart contract execution is powered by HYPER.
As the Bitcoin Hyper ecosystem expands, with an increase in DeFi dApps, meme coins, GameFi, NFT marketplaces, and cross-chain bridges, the demand for the HYPER token also increases.
To participate in the HYPER presale, visit the presale website. You can buy using ETH, USDT, BNB, or a credit card.
For the easiest purchasing experience, we recommend Best Wallet. HYPER is already featured in the mobile app’s Upcoming Tokens section, and Best Wallet offers seamless token management for Bitcoin Hyper.
Stay in the loop with all things HYPER by joining the community on Telegram and X.
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