CoinVoice has recently learned that, according to Cointelegraph, ETH/BTC is forming multiple bullish technical patterns, and analysts believe this may trigger a new round of 'altcoin season' in 2025.
On the technical front, the ETH/BTC ratio is simultaneously exhibiting a cup and handle pattern as well as a bullish flag pattern. The cup and handle pattern indicates a potential breakout at the 0.02596 BTC neckline, with a technical target near 0.03814 BTC, suggesting a possible 55% increase by July. Meanwhile, the bullish flag pattern suggests a potential breakout to 0.03235 BTC, approximately 30% higher than current levels. Analyst Trader Tardigrade states that the breakout in ETH/BTC could trigger an altcoin season in 2025.
The data presented by Analyst Sensei shows that the market capitalization of altcoins relative to Bitcoin is retesting a long-term upward support trend line. Historically, each rebound from this level has indicated a massive rise in altcoins, with one instance leading to a 9,000% increase and another triggering a 180,000% market cap explosion.
Analyst Moustache also pointed out that altcoins are breaking out of a seven-year descending wedge, a pattern that appeared before significant surges in 2017 and 2020, suggesting a new round of altcoin season may be approaching. [Original link]
