As Bitcoin reaches new record highs amid a US government shutdown and dollar devaluation, Ethereum is quietly positioning for what analysts describe as a potentially massive breakout. Technical patterns identified by multiple crypto experts suggest ETH could surge to $12,000 or higher, with institutional adoption and fundamental improvements providing additional fuel for the anticipated rally.
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0 posts last weekAltcoin Selloff: Bitcoin Dip Triggers $1.1B Liquidations
Altcoins faced a brutal selloff as Bitcoin’s drop below $110,000 triggered over $1.1 billion in long liquidations. Ethereum bore the brunt of the losses, accounting for nearly 45% of the total. Despite the sharp correction, analysts see this as a temporary reset rather than the end of altcoin season.
about Altcoin Selloff: Bitcoin Dip Triggers $1.1B LiquidationsEthereum Outperforms Crypto Market, Eyes Breakout
Ethereum is outperforming the broader crypto market, gaining 3.2% while total market cap declines. The asset has twice hit $2,700 but faced resistance, with analysts noting that ETH’s movements often precede altcoin rallies. Ethereum dominance is holding at ~9%, potentially signaling further gains in June. Market sentiment has turned bullish, and institutional interest remains strong, with BlackRock’s spot Ether ETF accumulating $4.4 billion in inflows. Analysts predict a breakout if ETH surpasses $2,700, potentially reigniting altseason.
about Ethereum Outperforms Crypto Market, Eyes BreakoutAltseason Coming? Analysts Predict Epic Crypto Rally
Despite Bitcoin’s stability around $109,000, altcoins remain in retreat, far from their 2021 peaks. Analysts like Kyle Chassé and Merlijn The Trader anticipate an ‘epic’ altseason, though caution it will differ from past cycles due to the overwhelming number of tokens—many of which are low-value memecoins. While chart patterns and declining Bitcoin dominance (currently 64.25%) hint at an upcoming rally, altcoins like XRP and Solana still show daily losses, suggesting the surge isn’t immediate. Traders emphasize focusing on tokens with real utility as institutions may drive the next wave.
about Altseason Coming? Analysts Predict Epic Crypto Rally