Ethereum’s long-term chart has finally broken a four-year trendline, igniting discussions among traders about the potential onset of an altcoin rally.
Analyst MMCrypto highlighted the technical breakout but urged caution, noting that confirmation would require a weekly candle close above resistance. If confirmed, he expects a strong vertical move for ETH, which could temporarily pressure Bitcoin dominance.
However, he stressed this might not instantly trigger a full altcoin season, and any opportunity window could be short-lived, mainly serving as a chance to accumulate more Bitcoin.
Miles Deutscher outlined a broader market rotation scenario. In his view, ETH’s rally could kick off a mini altcoin season before capital rotates back into Bitcoin, potentially pushing BTC toward the $120,000–$140,000 range.
Once Bitcoin peaks, he anticipates funds flowing back into ETH and altcoins for a final explosive phase. Deutscher cautioned that this sequence could take months to fully unfold.
Both perspectives align on ETH being the current catalyst, but they differ on the immediate implications for altcoins. While MMCrypto is looking for confirmation before turning fully bullish, Deutscher envisions a structured market cycle where altcoin momentum comes in waves rather than all at once.
For now, traders are watching ETH’s weekly close closely. A sustained breakout could be the trigger for the next major capital rotation in crypto markets, but patience may be key before the full altcoin cycle arrives.
