#Altseason Enthusiasm Persists Amid Broader Market Pullback

Despite an encouraging altcoin surge two weeks ago, the rally quickly fizzled out due to increased market volatility and macroeconomic uncertainty. As prices retreated, many investors shifted to a wait-and-see approach. Yet, according to PlanD, two essential charts—Ethereum ($ETH ) and USDT Dominance—may be forming the foundation for a powerful reversal in altcoin fortunes.

#Ethereum Nears Crucial Breakout Point at $4,000

One of the strongest indicators of an impending altseason, according to PlanD, lies in Ethereum's technical setup. The world's second-largest cryptocurrency is currently flirting with a significant resistance level at $4,000, the upper boundary of a three-year symmetrical triangle formation.

"A breakout above this price ceiling would not only confirm a bullish trend for ETH but could serve as a catalyst for an altcoin-wide surge," PlanD explained in his analysis.

Ethereum, which currently holds a market capitalization of over $424 billion, has long acted as the bellwether for the broader altcoin market. A decisive breakout could be seen as a green light for lower-cap altcoins to rally in tandem, potentially ushering in a new altseason similar to those of 2017 and 2021.

USDT Dominance Drop Could Signal Capital Rotation Into Altcoins

In addition to Ethereum’s price structure, PlanD also emphasized the importance of USDT Dominance—a metric that tracks the market share of Tether (USDT), the leading stablecoin. A decrease in USDT Dominance typically indicates that investors are moving funds from stablecoins into riskier crypto assets, such as altcoins.

Currently, USDT Dominance has just broken down from a bearish flag pattern, suggesting that a deeper decline could be in motion. PlanD points to two significant targets for this decline:

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