- Altcoin golden setup gains momentum as flat resistance remains unbroken.
- The chart has maintained 4 years of higher lows.
- A breakout now could result in 10x or greater pumps for altcoins.
The price of the pioneer altcoin Ethereum (ETH) went on to set a new ATH price earlier today in the $4,900 price range, beating its previous ATH price set in the $4,800 price range, finally pushing the price of ETH to the price discovery phase. In response, altcoin golden setup gains momentum as flat resistance remains unbroken from 4 years of higher lows, spurring altseason arrival expectations.
Altcoin Golden Setup Gains Momentum
Altseason expectations for the ongoing bull cycle have been going strong for the entire year. In fact, altseason expectations were strong even last year when Bitcoin (BTC) was setting its string of new ATH prices. With BTC pumping, analysts expected the price of ETH to pump alongside it as well. Thus, when 2025 began and Q1 was historically the month where altseason began following the Bitcoin Halving event, expectations were high.
Instead, the price of Ethereum (ETH) went on to hit a new ATH price only now in Q3. In detail, Q1 experienced a brutal correction phase bringing BTC back to the $70,000 price range and allowing the price of ETH to bottom at $1,700. Soon after, the price of ETH began to climb steadily till it reclaimed $2,700 and $3,700 in Q2. Once Q3 began, the price of ETH finally broke past the $4,000 resistance level.
Once this barrier was broken through, ETH price broke past $4,100 and reclaimed the $4,700 and $4,800 prices until it finally surpassed its previous ATH price, and went on to setting a new ATH price in the $4,900 price range. At the moment, analysts are eagerly awaiting the price of ETH to break past the $5,000 resistance level and continue to explore the price discovery stage.
As we can see from the post above, this reputed crypto analyst says that the altcoin golden setup is loading and highlights how the chart has maintained 4 years of higher lows, allowing the flat resistance to remain unbroken as depicted in the image accompanying the post. The analyst concludes, saying that the coiled spring is a sign that whales are fans of and a sign that retail tends to ignore.
Altcoin Market Cap Grows Stronger
Finally, the analyst concludes that once this pattern breaks, altcoins won’t just rally, but they could go on to 10x or pump even greater than that. At the moment, the price of Ethereum is expected to hit new ATH prices between $8,000 – $12,000. Meanwhile, several other promising altcoins have been showing strong and steady pump signals, indicating major price surges are upon them and are preparing to hit a string of new ATHs of their own.
