Altseason Index and Ethereum price chart look equally bullish.
Analyst expects now to be the last chance to stack utility altcoins.
He concludes that a $10,000 ETH ATH price is inevitable.
Expectations for altseason surges as ETH continues to outperform BTC in Q3. The pioneer altcoin asset, Ethereum, outperformed Bitcoin by a significant margin in Q2, and analysts hope to see a greater margin in Q3. Presently, analysts notice that both the Altseason Index and Ethereum price chart look equally bullish, and believe that this could be the last chance to stack utility altcoins.
Altseason Index and Ethereum Price Chart Bullish
With the price of Ethereum steadily outperforming the price of Bitcoin, analysts are getting more optimistic about the altseason peak phase arriving soon. However, it's clear that despite the bullish signs on several altcoin price charts, it seems difficult for these altcoins to break past resistance levels and hit higher highs, especially for the price of ETH, which has yet to break past the $4,000 price range.
In the last few days, the price of ETH finally broke past the $3,900 price range, which ignited bullish sentiment and set $4,000 and higher ETH prices soon. Instead, the price of ETH dipped twice and is currently trading at the $3,600 price range. Despite this and the fact that $4,000 has been rejected 7 times, analysts remain bullish. They mark that this region is under extreme pressure and should allow a breakout soon.
https://twitter.com/TedPillows/status/1952798005272416625
As we can see from the post above, this reputed crypto analyst and key opinion leader in the crypto space shares an image of the Altseason Index chart. Here, he highlights how the Altseason Index is looking like this, which is a number that's still extremely low and still marking a Bitcoin season. He says that the crypto market has entered a post-halving year and that BTC is not close to its top.
In fact, he states that the Altseason Index shows that Bitcoin season alone is far from over, meaning that Altcoin season has yet to begin. Thus, he is baffled at the fact that many are already calling the top of the crypto market. He then concludes, saying that this may be the best opportunity to stack utility altcoins before they all go parabolic. Presently, most altcoins are at lower prices due to the two market dips, offering a golden opportunity to accumulate.
Last Chance to Stack Utility Altcoins
https://twitter.com/MerlijnTrader/status/1952791718237012108
The analyst in the post above says that ETH is replaying its 2016 move to the pixel and shares comparative chart images between both bull cycles. He concludes that ETH is trading in the same range, pulled the same fakeout, and is pulling the same rounded base. The only difference is that this time, ETFs, institutions, and global adoption aren’t just in play, but they’re locked and loaded, meaning $10,000 ETH ATH price is inevitable.
