Can Ethereum sustain its dominance over all altcoin sectors, or is this outperformance nearing its limit?

Ethereum outperformed other altcoin sectors as supply shrank and whale bets mounted. With transactions hitting records and ETH rebounding, the question remains: can this momentum spark a sustained rally?

Ethereum [ETH] traded higher on the daily chart, logging modest gains over the past 24 hours. The altcoin continued to steer the season, extending its outperformance against Bitcoin [BTC].

The altcoin’s rally has been fueled by whale and institutional accumulation, with retail also joining the train. Most of the altcoin sectors had, however, shifted back to closing in the red.

Comparing ETH to other altcoin sectors, it showed clear leadership this month. ETH led with a performance reading of 0.20, slightly higher than those of Layer 2s (L2) and DeFi tokens.

By mid-August, DeFi and L2s briefly led, but ETH reclaimed the lead into month-end. Naturally, DePin and AI tokens trailed just below.