According to BlockBeats, on June 27, Ethereum's technical patterns indicate that ETH is likely to surge significantly, potentially starting an altcoin season in the coming weeks or months. Analyst Mikybull uses Wyckoff technical analysis to predict that Ethereum's price may break through $3,200.
Multiple analysts predict that the target price for Ethereum in this cycle will be $10,000 and above. Joao Wedson, founder of Alphractal, stated that the altcoin season index has issued an opportunity signal; Bitcoin has outperformed altcoins in the past 60 days, and the index remains in the green zone below 20%.
He believes this is a good opportunity to accumulate altcoins. Whenever the index breaks through the 20% threshold, altcoins perform better than Bitcoin, sometimes exceeding 80%.
