- Ethereum’s climb past $3,500 signals renewed strength, but the real bull run may begin only after breaking the $4,000 resistance.
- ETH’s 22.4% surge versus Bitcoin’s 1.48% gain hints at growing altcoin momentum and rising investor confidence across the board.
- The Altcoin Season Index sits at 51, showing balance, but ETH’s lead could spark another round of massive altcoin gains soon.
Ethereum is showing strong signs of recovery, but the real breakout may be yet to come. The $4,000 resistance remains a critical psychological and technical barrier. According to leading analysts, once ETH crosses this mark, the real bull market could begin. After bottoming near $1,000, Ethereum has steadily climbed back above $3,500.
Key Resistance Defines ETH’s Comeback
Technical charts reveal a long-term descending trendline that previously kept ETH prices suppressed. This resistance began after ETH’s run to $4,000 and led to a brutal 75% correction. The market followed a pattern of lower highs and lows, creating a classic bearish structure.
Source: Captain Faibik
The tendency seems to have turned around, though. The price of ETH is currently near $3,500 after breaking above that declining line. This action suggests a significant trend change. For a confirmed breakout over $4,000, traders are thus keeping a tight eye on the market. That would indicate the beginning of a long bull phase if it occurs.
Additionally, the ETH/BTC ratio is flashing signs of strength. Ethereum has gained 22.4% in recent weeks, while Bitcoin is up just 1.48%. This kind of divergence often precedes explosive altcoin rallies.
Source: Captain Faibik
Altcoin Season Could Be Brewing Again
According to the Altcoin Season Index, the market currently sits at a neutral 51. This suggests that neither BTC nor altcoins dominate right now. However, historical data shows that once ETH outpaces BTC, a broader altcoin rally often follows.
The Index had previously spiked above 80 in late 2024, marking peak altcoin speculation. Since then, it cooled off. But with ETH leading again, the environment may be primed for another altcoin breakout.
Source: Jelle
Moreover, market sentiment is warming. Traders are eyeing smaller tokens with growing interest, hoping to capture the next big winner.
