Altcoin Season Index Hits 71 as Ethereum and TOTAL3 Signal Breakout
- The Altcoin Season Index has climbed to 71, nearing the 75 level that signals altseason.
- Ethereum’s recovery against Bitcoin suggests it may lead the next phase of the rally.
- TOTAL3 market cap is forming a bullish ascending triangle, hinting at a breakout.
The Altcoin Season Index has jumped to 71, moving closer to the 75 level that typically signals the start of altseason. Historically, when this threshold is crossed, altcoins have outperformed Bitcoin in sharp sector-wide rallies.
Fear in the Market Contradicts Signals
On-chain analytics platform Santiment reported rising trader fear over the last two weeks, with conversations tilting toward selling, market crashes, and bear scenarios.
However, Santiment noted that markets often move contrary to crowd expectations, meaning that widespread fear could be a contrarian signal of strength.
Ethereum Leads the Charge
Analysts believe that Ethereum (ETH) as a key driver of the next market phase. Market strategist Michael van de Poppe emphasized that ETH’s performance relati…
The post Altcoin Season Index Hits 71 as Ethereum and TOTAL3 Signal Breakout appeared first on Coin Edition.
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Altcoin Season Index Hits 71 as Ethereum and TOTAL3 Signal Breakout
- The Altcoin Season Index has climbed to 71, nearing the 75 level that signals altseason.
- Ethereum’s recovery against Bitcoin suggests it may lead the next phase of the rally.
- TOTAL3 market cap is forming a bullish ascending triangle, hinting at a breakout.
The Altcoin Season Index has jumped to 71, moving closer to the 75 level that typically signals the start of altseason. Historically, when this threshold is crossed, altcoins have outperformed Bitcoin in sharp sector-wide rallies.
Fear in the Market Contradicts Signals
On-chain analytics platform Santiment reported rising trader fear over the last two weeks, with conversations tilting toward selling, market crashes, and bear scenarios.
However, Santiment noted that markets often move contrary to crowd expectations, meaning that widespread fear could be a contrarian signal of strength.
Ethereum Leads the Charge
Analysts believe that Ethereum (ETH) as a key driver of the next market phase. Market strategist Michael van de Poppe emphasized that ETH’s performance relati…
The post Altcoin Season Index Hits 71 as Ethereum and TOTAL3 Signal Breakout appeared first on Coin Edition.
Читать больше