Famous analysts predict the start of altcoin season, with Ethereum as a key indicator.
Famous cryptocurrency analyst Willy Woo published an analysis on the 19th, pointing out that all signs of this strong market cycle have already appeared, emphasizing that 'without capital rotating into altcoins during the altcoin season, a strong market will not occur, and the rise of Ethereum ($ETH) is usually a precursor.'
Source: X. Willy Woo stated that all signs of this strong market cycle have already appeared.
Woo cited an analysis report released by his operating analysis platform 'Bitcoin Vector' on the 18th, indicating that funds are moving from Bitcoin to Ethereum. The report's analysis shows that while Bitcoin remains stable around $120,000, dominance has begun to shift to Ethereum. The platform confirms that market structure and momentum continue to look bullish, creating a favorable environment for Ethereum-dominated altcoin expansion similar to the major Bitcoin uptrend phases since 2024.
Swiss blockchain analysis company SwissBlock stated on July 17 that the prolonged strong performance of Bitcoin since last December is showing early signs of fatigue, and pointed out that Ethereum plays an important bridging role in capital inflows.
Multiple indicators are lighting up green, indicating that the environment for altcoins is forming.
Blockchain analysis company Glassnode reported on July 18 that its exclusive altcoin season indicator was lit on July 9. The analysis shows that the expansion of stablecoin supply is occurring in sync with capital inflows into Bitcoin and Ethereum, and a structural upward environment in the altcoin market has taken shape. Data website CoinGlass also confirms the rise of the altcoin season index, indicating that when the index exceeds 70, it will be a time for profit-taking in altcoins.
The simultaneous strengthening of these technical indicators shows that the market's capital allocation is undergoing structural changes, with investors beginning to shift attention and funds to other cryptocurrency assets.
Source: Glassnode. Data from Glassnode shows that a structural upward environment in the altcoin market has taken shape.
Investment institutions are optimistic about Ethereum's potential, predicting prices could rise to $15,000.
Eric Jackson, founder of Canadian investment company EMJ Capital, stated on July 13 that the company analyzes that the price of Ethereum will reach $10,000 (about 1.48 million TWD), and in a strong scenario, it may even touch $15,000 (about 2.2 million TWD).
Source: X. Eric Jackson, founder of Canadian investment company EMJ Capital, analyzes that the price of Ethereum will reach $10,000.
Jackson pointed out that the main driver of the price increase is the likelihood of the approval of a staking ETF, and it is expected that the U.S. Securities and Exchange Commission may approve such products before October. Once the staking ETF is listed, the distribution of staking rewards will attract capital inflows from traditional institutional investors, while the increase in staking volume will reduce the circulating supply of Ethereum in the market.
Furthermore, the development of Layer2 solutions and the real-world asset market will increase demand and drive up transaction fees. The increase in fees will lead to more Ethereum being burned, further reducing supply. Jackson believes that based on these factors, Ethereum will transform into a 'yield-generating institutional-grade financial product.'
In a strong scenario, if the adoption of Layer2 and ETF capital inflows exceed expectations, the price of Ethereum could reach $15,000.
This content is generated by Crypto Agent, summarizing information from various sources, reviewed and edited by 'Crypto City.' It is currently still in the training phase, and there may be logical biases or information errors. The content is for reference only and should not be considered as investment advice.
'Is the altcoin season coming? Analyst: Capital is moving from Bitcoin to Ethereum, with ETH looking at $10,000.' This article was first published in 'Crypto City.'
