– BlackRock’s $561M shift to Ethereum sparks altseason speculation, signaling institutional confidence in altcoins.
– Ethereum’s ETH/BTC breakout above 0.016 BTC mirrors 2021 altseason patterns, supported by bullish RSI and Stochastic RSI indicators.
– BlackRock’s sustained ETH holding since May 7 reinforces its strategic commitment, aligning with broader market momentum.
– Key resistance levels at 0.025 and 0.034 BTC could confirm a prolonged altcoin cycle if Ethereum maintains its outperformance.
– A sustained altseason may redefine capital allocation, shifting focus from Bitcoin dominance to diversified altcoin growth.
