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Ethereum is heading bullish – Bitcoin in the rearview mirror!
Ethereum is showing strong price patterns against Bitcoin, indicating an impending alt season. Find out more about the latest forecasts and analysis.
Ethereum is heading bullish – Bitcoin in the rearview mirror!
Ethereum (ETH) is showing signs of growth, according to a recent analysis by Cointelegraph promising technical price patterns compared to Bitcoin (BTC). In particular, two positive formations were identified: the cup-and-handle formation and a bullish flag pattern. These patterns suggest that ETH could potentially break above the 0.02596 BTC price range, with a price target of around 0.03814 BTC. This would represent a 55% increase through July and represents key resistance last seen in December 2024.
The flag pattern, in turn, suggests a possible rise towards 0.03235 BTC, a 30% increase by July. This price range reflects conditions already seen in January and February 2025. Analyst Trader Tardigrade expresses the view that a rise in Ethereum could usher in a new alt season. Historically, there has often been a strong overweight of Ether over Bitcoin, particularly during previous massive upswings in the altcoin market.
Historical forecasts and market development
In 2020-2021, Ethereum made impressive gains of over 2,500% during the bull market. Analyst Sensei has observed that the market capitalization of altcoins relative to Bitcoin has tested a long-term ascending trend. Statistically, after testing this trend line, massive rallies followed, bringing increases of up to 9,000% and even 180,000%. Current charts suggest that an altcoin rally of up to 250,000% is possible based on historical patterns.
Crypto expert Mustache and analyst Rinor support these predictions by pointing out that altcoins appear to be emerging from a seven-year falling wedge formation, which has historically often preceded major rallies in 2017 and 2020.
Challenges of Ethereum Development
Justin Drake of the Ethereum Foundation has already expressed concerns about a launch in the third quarter of 2020 and estimated that Phase 0 will not become realistic until January 2021 at the earliest. Vitalik Buterin, the co-founder of Ethereum, tried to rebut Drake's pessimism by explaining that the Altona testnet was launched in July and a possible phase 0 commissioning in November is not ruled out.
Still, Buterin warned of the potential risks of a premature launch, as it could lead to disruptions and security issues. In August, he admitted that the technical implementation of Ethereum 2.0 was more difficult than initially thought. Despite these challenges, Buterin remains optimistic that the project's fundamental flaws will not stand in the way of its implementation.