From Cointelegraph
May 27, 2025 11:26 am:

Ethereum has reclaimed a key technical level that has historically preceded sharp price gains and marked the start of an “altseason” across multiple market cycles in the last five years. The level in question is the mid-line (~$2,600) of the Gaussian Channel on the 2-week chart, with ETH price potentially doubling in the coming months.

ETH’s rally could influence the broader altcoin market to rise alongside it. The combined market cap of the altcoin market surged over 1,400% a year after Ether’s close above the Gaussian mid-line in July 2020, and more than 200% a year after the midline breakout in November 2023. Analysts expect a surge toward $15 trillion if the trend repeats.

Bitcoin dominance has historically dropped sharply around 400 days after halving, triggering altcoin rallies. With the April 2024 halving nearing the same period, a similar decline could occur within the next 100 days. Analysts project the altcoin market cap to hit $15 trillion if the trend repeats, strengthening the prospect of a 2025 altseason.

ETH’s market cap data shows that the largest portion of around $123 billion is held by investors who bought between $2,300 and $2,500. If ETH’s price falls below this range, a large number of holders could fall into a loss, potentially leading to panic selling.ETH’s technical strength is promising, but its support remains shallow unless it can move further away from this cost zone.

Read more at Cointelegraph: Altcoin market cap could surge toward $15 trillion if Bitcoin dominance repeats its post-halving drop.