Ethereum and Cardano Lead Altcoin Rally as Bitcoin Dominance Slides
- Bitcoin dominance has dropped below a multi-year support level signaling a notable shift to altcoins.
- Ethereum price macro breakout has made a similar fractal structure to the 2021 bull run.
- The next few weeks will be critical for the 2025 altseason amid anticipated Fed rate cuts.
Bitcoin tagged a new all-time high of $124,128 on Thursday, and Ethereum is now knocking on the door of its own record. This strength at the top is now fueling a move into altcoins, with Cardano (ADA) exploding over 16% in the last 24 hours to trade at 99 cents.
These set of on-chain signals are also being backed by real-world interest. Data from Google Trends shows that global search interest for “altcoins” has surged to a new all-time high, surpassing the peaks of 2018 and 2021. At the same time, the Altcoin Season Index has climbed to 53, a clear sign of rising demand from FOMO (fear of missing out) traders.
So how high for ETH? The ETH breakout is key to this whole thesis. Here’s our report on the price targets analysts now check for ETH.
Altseason 2025 Analysis By Dan Gambardello
According to crypto analyst Dan Gambardello, the parabolic phase of t…
The post Ethereum and Cardano Lead Altcoin Rally as Bitcoin Dominance Slides appeared first on Coin Edition.
Read More
Ethereum and Cardano Lead Altcoin Rally as Bitcoin Dominance Slides
- Bitcoin dominance has dropped below a multi-year support level signaling a notable shift to altcoins.
- Ethereum price macro breakout has made a similar fractal structure to the 2021 bull run.
- The next few weeks will be critical for the 2025 altseason amid anticipated Fed rate cuts.
Bitcoin tagged a new all-time high of $124,128 on Thursday, and Ethereum is now knocking on the door of its own record. This strength at the top is now fueling a move into altcoins, with Cardano (ADA) exploding over 16% in the last 24 hours to trade at 99 cents.
These set of on-chain signals are also being backed by real-world interest. Data from Google Trends shows that global search interest for “altcoins” has surged to a new all-time high, surpassing the peaks of 2018 and 2021. At the same time, the Altcoin Season Index has climbed to 53, a clear sign of rising demand from FOMO (fear of missing out) traders.
So how high for ETH? The ETH breakout is key to this whole thesis. Here’s our report on the price targets analysts now check for ETH.
Altseason 2025 Analysis By Dan Gambardello
According to crypto analyst Dan Gambardello, the parabolic phase of t…
The post Ethereum and Cardano Lead Altcoin Rally as Bitcoin Dominance Slides appeared first on Coin Edition.
Read More