Analysis: ETH/BTC is forming multiple bullish technical patterns, which may trigger a new alt season.

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Odaily News ETH/BTC is forming multiple bullish technical patterns, analysts believe this may trigger a new round of altcoin season in 2025. Technically, the ETH/BTC ratio is in both a cup-handle pattern and a bullish flag pattern. The cup handle pattern suggests a possible break above the 0.02596 BTC neckline with technical targets near 0.03814 BTC, suggesting a possible 55% rise by July. The bullish flag pattern signals a possible breakout to 0.03235 BTC, which is about 30% above the current level. Analyst Trader Tardigrade said the ETH/BTC breakout could trigger an altcoin season in 2025. The data presented by analyst Sensei shows that the market capitalization of altcoins relative to Bitcoin is re-testing the long-term upward support trend line. Historically, each rebound from this level has signaled a massive rise in altcoins, once leading to a 9,000% rise and another time triggering a 180,000% market cap explosion. Analyst Moustache also pointed out that alts are breaking out of a seven-year descending wedge, a pattern that appeared before the major rises in 2017 and 2020, suggesting that a new round of altcoin season may be on the horizon. (Cointelegraph)

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Aminesoftvip
· 06-05 13:11
The bullish market is at its peak 🐂
Reply0
GreenSuckersMeowvip
· 05-31 22:45
Bull market hype reaches new heights, altcoins hit new lows every day.
Reply0
GateUser-b1e651bdvip
· 05-31 20:25
Quick, enter a position! 🚗
Reply0
OpenWarehouseAndTakevip
· 05-31 17:37
Hold on tight, we are about to To da moon 🛫
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GateUser-5c951eeavip
· 05-31 16:11
Shut the hell up, shouting alt season every day, altcoins hitting new lows every day.
Reply0
QiongIslandMastervip
· 05-31 15:41
Hurry up and enter a position! 🚗
Reply0
BTCHighYieldSuperStableTradingvip
· 05-31 15:04
Hurry up and enter a position! 🚗
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