- Altcoin volume dip mirrors past bull cycle signals, hinting at a potential market reset as Ethereum leads broader crypto momentum shifts.
- Stablecoin pairs dominate altcoin trading, showing traders seek price stability, while buy walls suggest rising institutional interest.
- Historical cycle patterns suggest accumulation is underway, with Ethereum as a key indicator for altcoin rallies across major assets.
Altcoin markets may be nearing a pivotal moment. The 30-day moving average of altcoin trading volume just fell below the annual average. This pattern, identical to the signal seen in September 2023, marked the start of the last bull market. Back then, Ethereum and altcoins rallied following this precise setup. The historical reliability of this setup adds to its credibility.
Besides, the latest data reveals a full cycle of expansion and contraction in crypto markets. Ethereum’s price surged through late 2023 into early 2024. This move sparked record altcoin volumes, peaking as Ethereum hit its high. However, Ethereum’s price and altcoin trading volume declined steadily afterward. By mid-2025, they returned to levels seen in early 2023. Consequently, this suggests a possible reset in market conditions.
Market Structure Hints at New Accumulation Phase
Moreover, aggregated trading volume for altcoin-stablecoin pairs shows a familiar downtrend after speculative peaks. A clear pattern emerges: high trading volumes follow Ethereum’s upward moves. Following those, there’s a marked slowdown as prices consolidate. However, technical traders now spot strong buy walls resurfacing. These appear prominently during recent dips and hint at renewed institutional interest.
Altcoin trading pairs quoted in Bitcoin show far less activity than stablecoin pairs. This highlights a major shift in trader behavior. Stablecoins offer more price certainty, especially during volatile swings. Hence, they remain the preferred quote asset for altcoin traders. Additionally, volume distribution reveals that altcoin speculation tightly correlates with Ethereum’s price action. This makes Ethereum a leading indicator for broader altcoin momentum.
Cyclic Trends Point Toward Next Rally Potential
Besides volume trends, Surges in participation follow Ethereum rallies, then fade with price corrections. Green-colored volume zones match periods of rising market optimism. Conversely, downtrends in volume mark phases of disinterest and fear. However, this pattern may be reaching an inflection point again.
Additionally, a new wave of accumulation appears to be underway. This mirrors early signals from past cycle bottoms. If history repeats, current levels could offer strong long-term entry points. Traders watching $SUI, $BNB, $VET, $OM, $ICP, $APT, and $SEI may benefit from early positioning. Overall, the structure suggests that a renewed altcoin rally could be forming, led once again by Ethereum’s movements.
