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After years of underperformance, altcoins are showing signs of recovery as market sentiment begins to shift. Analysts point to key technical indicators suggesting a potential breakout, with Ethereum’s performance playing a crucial role. Traders are watching closely to see if this rally can sustain momentum and spark a broader altseason.
- Altcoins are rebounding from a key support zone on the TOTAL3 chart, signaling potential recovery after prolonged weakness.
- Ethereum's breakout above $2,800 resistance could act as a catalyst for a broader altcoin rally and the start of a new altseason.
- The TOTAL3 market cap has bounced from the 100-week SMA at $830 billion, with rising volume indicating growing investor confidence in altcoins.
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