- According to a crypto analyst, the potential for an altcoin rally hinges on the bullish pattern observed on ETH/BTC chart.
- Altcoins like Solana are well-placed to benefit if an “altseason” gains momentum.
The cryptocurrency market is showing strong indicators of growth, with investors displaying heightened buying interest. As of this writing, the overall market capitalization has increased by 1.49%, while 24-hour trading volume has reached $103.12 billion—a 2.02% rise.
Such gains, particularly in volatile conditions, shows that altcoins may be approaching a breakout phase. Bitcoin’s [BTC] recent move to the $73,000 mark points to the growing market interest and potential spillover into altcoins.
Crypto analyst offers insight on what to watch as the market prepares for the next potential wave of growth.
ETH/BTC pair seen as key indicator for altcoin rally
Popular crypto analyst Moustache suggests that the ETH/BTC chart will be critical in determining the next phase of market direction for altcoins.
According to the chart analyst shared, the recent pattern of accumulation and re-accumulation in ETH/BTC mirrors the 2015–2018 market cycle, which saw significant gains for Ethereum and catalyzed a rally in altcoin prices.
Source: X
In his post, he expressed optimism, predicting unprecedented highs for altcoins if this pattern holds, saying:
“You can’t imagine what the Alts will do if we just move up from here.”
Typically, accumulation and re-accumulation patterns signal bullish momentum, as buyers steadily enter the market with growing confidence in a future rally.
In this scenario, the presence of a “falling wedge”—a technical indicator often associated with bullish breakouts—reinforces the likelihood of a sustained uptrend.
According to AMBCrypto, tokens like SOL are among those positioned to benefit if an altcoin rally unfolds.
Solana set to lead upcoming rally
Solana [SOL] has maintained a bullish stance despite ongoing market fluctuations, with a press time trading price of $178.14.
Is your portfolio green? Check out the SOL Profit Calculator
Much like the ETH/BTC chart, SOL is in an accumulation phase, a pattern that previously fueled its surge to an all-time high. At press time, SOL has broken above the current accumulation pattern, gradually building momentum.
Source: Trading View
If this trend continues, the asset could potentially gain 179.05%, similar to its previous rally cycle, which would place its valuation at approximately $361.88.