Rising Ethereum Prices Signal Imminent Altcoin Season, Analysts Predict

The post Rising Ethereum Prices Signal Imminent Altcoin Season, Analysts Predict appeared first on Coinpedia Fintech News

The cryptocurrency market is officially in a macro bull market that will last until mid-2025, based on historical performance after every Bitcoin (BTC) halving. The process upward will be gradual amid heightened crypto cash rotation. Furthermore, more investors, including institutional traders, are involved in the cryptocurrency market in this bull cycle compared to prior ones following more clear regulatory measures.

After an impressive first quarter of the 2024 crypto rally, which saw the altcoin industry move from $750 billion to around $1.2 trillion, more investors have been aligning their portfolios for the next phase. Moreover, most of the altcoins have completed their respective market corrections and are ready for liftoff to retest the all-time high (ATH) led by Ethereum (ETH)

#Altcoins

ETH/BTC is following the Wyckoff re-accumulation schematics and it's about to continue its uptrend with confirmation of bullish divergence.#Altseason2024 maniac phase is about turn-on folks! pic.twitter.com/5hm8yD1ciB