- Altcoin market cap holds support, hinting at a climb toward upper resistance, aligning with past bullish trends.
- ETH/BTC mirrors 2015-2018, suggesting a breakout as it nears key support within a descending channel.
- Market structure supports continued altcoin gains if momentum sustains, reinforcing bullish sentiment for mid-2025.
The Total market capitalization of altcoins excluding the top 10 is also on its rise. The market recently tested the lower boundary of an uptrending channel. In the past, this has caused strong rebounds to result in further gains. Second, Ethereum’s performance versus Bitcoin is taking a cyclical route. The ETH/BTC ratio shows historical periods of re-accumulation and accumulation, indicating a potential imminent bullish breakout. Both indicators suggest potential gains across the broader crypto market in the coming few months.
Altcoin Market Finds Support, Eyes Upper Resistance
The altcoin market cap has been moving within an ascending channel. It has respected both the upper resistance and lower support levels multiple times. Recently, in March 2025, the market tapped the lower boundary and rebounded. This movement suggests a potential climb towards the upper resistance level.
Previously, the market faced rejection at the top boundary in March 2024 and December 2024. These pullbacks led to retracements towards the midline before bouncing back. Likewise, the lower support held firm in August 2024 and September 2024, resulting in strong rallies.
Currently, the market capitalization fluctuates between $99.1 billion and $640 billion. Given past trends, a move toward the upper boundary by mid-2025 is likely. This projection aligns with the market’s long-term bullish structure. If momentum sustains, altcoins could witness a breakout beyond the current channel.
ETH/BTC Resembles 2015-2018 Pattern, Signaling Possible Breakout
Ethereum relative performance vs. Bitcoin has shown historical consistency. From 2015 to 2018, ETH/BTC formed a rounded bottom accumulation cycle. This was followed by a re-accumulation cycle before a sudden upward surge.
Similarly, between 2018 and 2025, ETH/BTC has been in an extended accumulation phase. The pattern mirrors past cycles, with a rounded bottom followed by a consolidation range. Currently, ETH/BTC is trading within a descending channel since 2022. This channel suggests a re-accumulation phase before a breakout.
The ETH/BTC ratio now approaches the lower boundary of this channel. If history repeats, a bullish breakout could follow. This pattern aligns with Ethereum’s long-term cyclical movements. Consequently, Ethereum could lead the next altcoin surge once the breakout occurs.
