Despite the recent market downturn, the buzz about 'altcoin season' remains. Analyst PlanD on platform X identified two key signals that could ignite a new upward wave:
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🔹 1. Ethereum breaking the $4,000 level
- ETH faces historical resistance at $4,000 — the top of a symmetrical triangle that lasted 3 years.
- Breaking this level could open the door for a broad upward wave for low-market-cap altcoins.
- The number of active addresses on the network exceeded 930,000 — the highest level since 2023.
- Predictions suggest ETH could reach $4,800 – $5,000 if the 2021 pattern repeats.
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🔹 2. Declining USDT dominance = capital moving towards risk
- The USDT dominance chart shows a breakout from a bearish flag, with targets at 3.81% and 3.21%.
- A decrease in dominance means that investors are pulling liquidity from stablecoins and reallocating it to riskier assets — such as altcoins.
- According to PlanD, reaching 3.21% would be the 'strongest signal' for the start of altcoin season.
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📉 But there is a warning about Bitcoin dominance (BTC.D):
- BTC.D has retested support at 60.30% twice — indicating a potential rebound.
- If dominance rises to 64.60% – 64.80%, altcoins could drop by 10% – 20%.
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📊 Bitcoin forecasts:
- Current price: $113,113
- Potential support at $113K – $118.7K
- Upside target: $160,000 if momentum continues.
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🧠 Summary:
- ETH breaking the $4,000 level + declining USDT dominance = strong signals for an altcoin recovery.
- But monitoring BTC.D is essential to avoid bearish surprises.
- The market is at a decision stage — either a bullish launch or additional correction.