Ethereum’s price action is flashing bullish signals that could set the stage for a broader altcoin rally, according to multiple crypto analysts. Technical patterns and market indicators suggest Ether ($ETH ) may reach as high as $10,000 this cycle — potentially kicking off the long-awaited “altseason.”
In a June 26 analysis, crypto strategist Mikybull highlighted a Wyckoff reaccumulation schematic completed by ETH, predicting a sharp breakout to the $3,200 level and beyond. “Big rally incoming,” he posted on X.
Another analyst, XForceGlobal, shared an Elliott Wave projection pointing to a rally toward $9,400–$10,000, calling the recent move to $2,800 “objectively bullish.” The forecast is backed by rising institutional interest and anticipation around Ethereum exchange-traded funds (ETFs).
Altcoin Season Index Signals Opportunity
The Altcoin Season Index, which tracks whether altcoins are outperforming Bitcoin, remains in the low “Bitcoin season” zone — historically a precursor to sharp reversals favoring altcoins. Alphractal CEO Joao Wedson noted that past cycles show altcoins often rally dramatically once the index climbs above 20%.
“This could be a great chance to accumulate altcoins while they’re still lagging,” Wedson said.
Bitcoin Dominance Nearing Tipping Point
Bitcoin currently holds 65.77% of the total crypto market cap. Analysts say once BTC dominance nears or breaches 70% — a level last seen in January 2021 — and then begins to retreat, it often triggers a rotation into altcoins.
“Bitcoin dominance about to fall over the coming weeks,” said pseudonymous trader The Chart Degen. “Pick the right altcoins and make a disgusting amount of money over the coming months.”
As Ethereum edges closer to technical breakout levels and altcoins show signs of awakening, the market appears poised for a new phase. Whether Ether reaches $10,000 or not, traders are bracing for what could be one of the most active altcoin seasons since the last bull cycle.
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