Ethereum in the fast lane: has the altcoin season started?

Ethereum in the fast lane: has the altcoin season started?

Ethereum (ETH) has shown an impressive recovery on May 15, 2025 after bouncing off key support within a long-term descending channel. ETH's price has increased by approximately 48.1% over the past week, from just under $2,000 on May 9 to over $2,600. This happened despite the fact that Ethereum price continues to trade below key resistance. In the last 24 hours, ETH gained around 8.0%. Bitcoin (BTC) is currently trading at $104,656, with analysts closely watching the ETH/BTC ratio to assess Ethereum's relative strength compared to Bitcoin.

Analyst Captain Faibik has noted that there is a sustained downtrend in the ETH/BTC chart, characterized by lower highs and lows. Nevertheless, ETH found strong support at 0.0210 BTC, indicating a potential bottom. The upper boundary of the descending channel is around 0.0276 BTC, and a break above this resistance would be needed to confirm a trend reversal. CryptoBusy has interpreted this trend as a sign of a sector rotation from Bitcoin to Ethereum, potentially indicating an upcoming altcoin season.

Foresight of market developments

Reed Carson has compared Ethereum's price movements in 2025 to Bitcoin's reaction to the March 2020 market shock and predicted that ETH could potentially reach between $10,000 and $12,000. On the other hand, the ETH/BTC ratio, reported at 0.02281, is showing its lowest level since mid-2020. This could be an indication of an impending altcoin season for many in the cryptocurrency industry, although CoinMarketCap's Altcoin Season Index is currently reading 13 out of 100, indicating a Bitcoin season.

Bitcoin's dominance currently stands at 62.15%, and there is evidence that some analysts, such as Alex Kruger, are recommending a shift from Ethereum to better-performing altcoins. The market movements indicate that the dynamics of ETH and its impact on the cryptocurrency market are currently being intensively evaluated.

The market environment remains tense as analysts monitor resistance levels and possible trends. The different opinions about the upcoming developments show the uncertainty that currently prevails in the crypto market as Ethereum continues to fight against Bitcoin.

For more information read the article on The Market Periodical and learn more about market analysis Cointelegraph.