Ethereum is showing extremely positive signs as it prepares to exit the prolonged accumulation zone towards the important psychological threshold of $5,000; this is also the highest level reached in the history of the second-largest cryptocurrency in the market.
🚀 Strong Increase After Accumulation Phase
Some technical analysis experts believe that Ethereum is in a phase of reaccumulation before entering the next bull cycle. The first resistance that ETH needs to overcome is between $4,000 and $4,200; this is considered a short-term technical barrier. After surpassing this area, Ethereum will practically face no significant obstacles until the $4,800–$5,000 zone, opening up a great opportunity for a strong psychological breakout.
📊 ETH is Outperforming BTC
A notable factor is that Ethereum is showing superior strength compared to Bitcoin (BTC). In the last 30 days, ETH has increased by more than 61% while BTC has only increased by around 11%. This superiority is clearly manifested in the ETH/BTC pair chart, which is approaching the "reaccumulation" zone; a signal that analysts believe could lead to a significant breakout for Ethereum.
A famous analyst on platform X (formerly Twitter) said: “The ETH/BTC chart is showing that Ethereum is preparing for a big increase. It is predicted that ETH could reach the $7,300–$8,700 zone in this bull cycle.”
📈 Increase in ETH Dominance Rate
Ethereum's dominance has also reached 12%, the highest level in 5 years since July 2020. Expert Rekt Capital points out that if this trend continues, ETH's dominance could increase to 14% in the near future. The fact that Ethereum is regaining market share from Bitcoin is a positive sign not only for ETH but also for the entire altcoin market.
Is the Altcoin Season Closer Than Ever?
According to data from Blockchain Center, the "Altcoin Season Index" has currently reached level 47. Although it has not yet reached the threshold of 75, which is officially considered the start of altcoin season, the current trend indicates that the altcoin market is being driven by the momentum of Ethereum. If ETH continues to maintain its upward trend, the possibility of a strong "altcoin season", with Ethereum at the forefront of this wave, cannot be ruled out.
🔍 Conclusion
Ethereum is at an extremely important moment. By overcoming the resistance of $4,000–$4,200, the market could see ETH break towards $5,000; and even higher in this cycle. With the strength it is showing against BTC, the increase in dominance, and the flow of money into altcoins, Ethereum could be the "catalyst" for the next altcoin season. Investors should closely monitor the current price range, as any confirmation above $4,200 could be a signal to start a historic sprint for ETH.
