Altcoin Season Incoming? Ethereum’s 20% Breakout May Be the Spark
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- Ethereum has surged 20% in 24 hours, reclaiming key EMAs and triggering renewed market excitement.
- Mixed on-chain signals point to short-term caution but long-term accumulation and bullish intent.
- The TOTAL2 chart shows bullish momentum but nears resistance and overbought territory.
Ethereum (ETH) has flipped the crypto market on its head with a sharp 20% surge in the past 24 hours, pushing the price to $2,323.54 and briefly touching a daily high of $2,486.01. Ethereum’s trading volume also exploded, up 150% to a massive $51.56 billion.
ETH Reclaims Key Support Levels
As per CoinMarketCap data, ETH has convincingly reclaimed its 20-day EMA at $1,869 and is now hovering near the 50-day EMA at $1,883, both of which could act as strong support zones in the near term.
This sudden bullishness has resulted in speculations of a broader altcoin sector rally.
— @CryptoELlTES (@Cr…
Bitcoin Dominance has officially peaked!
From this point on, I’m NOT expecting any further rise. As dominance drops, the #AltcoinSeason will be absolutely massive!
Trust me — I know the way. Stay focused and believe. #Altcoins https://t.co/V2fYErL13z pic.twitter.com/SlylOZwLNr
The post Altcoin Season Incoming? Ethereum’s 20% Breakout May Be the Spark appeared first on Coin Edition.
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