According to Cointelegraph, Ethereum is forming a bullish cup and handle and bull flag pattern, potentially offering a 30-55% upside. Analysts believe that a breakout in ETH/BTC could trigger an altcoin season similar to 2017 and 2021.
The ETH/BTC ratio is forming a cup and handle and bull flag pattern, suggesting significant gains. The cup and handle pattern may break through the 0.02596 BTC neckline, with a target price near 0.03814 BTC, expecting a 55% increase by July. The bull flag pattern points to 0.03235 BTC, about 30% higher than the current level.
Analyst Trader Tardigrade believes that a breakout in Ethereum against Bitcoin could trigger an altcoin season in 2025. Historical data shows that when Ethereum performs well against Bitcoin, the altcoin market has seen increases of over 2500%. Analysts like Sensei and Rinor also support this view.
