$ETH has just sent a powerful signal to the crypto market — and it could mark the beginning of a full-blown Altseason.
🔍 What Just Happened?
$ETH recently closed above a key threshold in the Gaussian Channel on the weekly timeframe — a historically reliable indicator of bullish expansion. The last two times this event occurred, the total altcoin market cap (excluding ETH) exploded by 1,400% (in 2017) and 200% (in 2021).
Now, with ETH breaking above this line again and currently hovering around $3,900, the crypto market is bracing for another major surge. Technical projections point to a possible move towards the $4,100 mark — a level not seen since late 2021.
📊 Why This Matters for Altcoins
Ethereum often leads altcoins in major bullish cycles. A strong ETH breakout historically boosts investor confidence across the entire altcoin space. The current setup mirrors conditions seen before previous Altseason rallies, with:
Rising ETH dominance ✅
Expanding altcoin volume ✅
Breakout of long-term consolidation zones ✅
💬 Key Takeaway
If Ethereum holds above the Gaussian Channel and breaks $4,100, history suggests that the broader altcoin market could follow with exponential gains. Traders and investors should watch this level closely as a breakout confirmation could ignite one of the biggest market expansions in years.
🔔 Stay ready — the signal is flashing, and the altcoin engine may just be starting.