The cryptocurrency market is at a pivotal moment as the ETH/BTC pair tests the critical 0.032–0.034 support zone, historically linked to significant rebounds. Analysts are divided on whether Bitcoin needs to reach a new all-time high to trigger an Altseason or if Ethereum can lead the charge independently. Benjamin Cowen suggests Ethereum must break above $5,000, which would require Bitcoin to also hit a new high. Conversely, others like CryptoBullet highlight past instances where Ethereum rallied post-Bitcoin peak, indicating ETH could drive momentum alone.
The Altcoin Season Index has fallen below 75, and Bitcoin's dominance has climbed to nearly 59%, reflecting altcoins' underperformance. Analyst Ted notes that the altcoin market cap is still 20% below its peak, while FANG remains optimistic, describing the current ETH/BTC uptrend as a first in four years.
Analysts Split on ETH/BTC Support Zone and Altseason Timing
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