The Spaniard led from the front in Hockenheim last weekend to pick up his third win of the season and open up a 34-point lead over the chasing pack.
Ferrari's pre-season pace suggested they would struggle to fight with the likes of Red Bull and McLaren at the front of the grid this year but in Alonso's hands the car has been good enough to see him lead the way going into this weekend's Hungarian Grand Prix.
With the mid-season break meaning a five-week gap between Sunday's race and the Belgian Grand Prix in Spa Alonso remains the favourite for the title, but he is not expecting an easy ride to his third driver's championship crown.
He said: "I think we are in a good position in terms of points that we have achieved from the first half of the season, in the first 10 races. We have 10 more races with the same possibilities for everybody and I think the distance between the top five, top six in the championship is not a gap that is impossible to recover.
"You just need one good race or two good races so we need to keep the concentration and try to keep maximising what we can get from a weekend - sometimes we know that is a podium, sometimes that is a fifth position or a seventh but we cannot afford to make any mistakes or anything we regret. For the championship it is too early to think (about winning it)."
Despite looking off the pace during pre-season testing Alonso steered his Ferrari to victory in the second race of the year in Malaysia. He then picked up wins in Valencia and last weekend in Germany and believes the car has been improving steadily throughout the year.
"Definitely we have improved the car a lot, I cannot quantify in terms of lap times because that would be difficult. Between two or three seconds maybe but it is a number that cannot be very precise," he said.
"The biggest improvement we introduced was in Barcelona - the biggest update which improved the aerodynamics of the car. But we knew that in the first three or four races, when we were in places like China and Bahrain, the car was not doing what we were expecting. But when we went out in Barcelona the car was a lot more normal for us and from that point it was about fine-tuning."
The last man to win the driver's championship whilst driving for Ferrari was Kimi Raikkonen.
The 32-year-old Finn returned to Formula One this season with a Lotus team that looked to be taking huge strides towards the front of the field.
Raikkonen has yet to taste victory since his return in what has been a sporadically fast car and although he has been on the podium four times the former McLaren ace knows improvements are still required if he is to return to add to his previous 18 wins.
"We haven't won any races so it is not a winner. We have a good package but for many reasons we probably haven't got the best out of it," he said.
"Of course we want to do better and we need to win races. It is not easy but we keep trying to improve and we will see what we can do. I think I have found the place where I want to be with the car in terms of set-up and things like that so hopefully we can be better here than we were last weekend."