- Altcoins have strong bullish reaction to a promising pump pattern.
- A head and shoulders pattern reaches completion on the BTC Dominance chart.
- The price of several altcoins are preparing to explode.
Altcoins have strong bullish reaction to head and shoulder pattern completion on the Bitcoin Dominance chart. Analysts notice several bullish indicators that point to a spectacular altcoin price pump, starting with an ETH price breakthrough to prices above $5,000. Presently, most promising altcoins in the crypto market have already begun to pump significantly, leading to analysts expecting altseason on the horizon.
Altcoins Have Strong Bullish Reaction
Over the last two weeks, both the price of the pioneer crypto asset Bitcoin (BTC) and the pioneer altcoin asset Ethereum (ETH) went on to set new ATH targets of their own. Starting with BTC, two weeks ago, the asset went on to surpass its previous ATH in the $123,000 price range and set a new ATH at the $124,000 price range, while the price of ETH surpassed its previous $4,800 ATH price to his a new ATH in the $4,900 price range.
This was a highly anticipated event, especially for Ethereum (ETH), as the pioneer altcoin asset has struggled to set a new ATH this bull cycle, while BTC and a handful of potential new altcoins like FET, ONDO, and SUI all went on to set new ATH prices in the previous year. Still, the price of ETH was expected to surge and reclaim its previous ATH long ago in Q1 of 2025.
However, due to Bitcoin’s early price pump and the resulting correction phase in Q1 led to ETH price bottoming at $1,700 during Q1 of 2025 instead. This proved a very healthy correction for the crypto market, as the price of ETH began to pump steadily following the correction, allowing the asset to reach a new ATH of $4,900 four days ago. At the moment, the price of ETH is trading in a sideways movement between $4,400 and $4,600.
Head and Shoulders Pattern on BTC Dominance
Since the latest market dip, BTC retraced from its latest ATH to the $110,000 price range, while ETH experienced a very short dip. This shows how well ETH is outperforming BTC, and how much further the price of ETH can go. The high expectations for ETH also bolster the high expectations for altcoins in the current market. So far, several promising altcoins have all shown strong pump indicators on their respective price charts.
As we can see from the post above, the altcoin price chart shows a bullish reaction for the altcoin market. The analyst in the post above highlights how the altcoins are reacting well to the bullish head and shoulders pattern printing on the Bitcoin Dominance chart. He concludes by stating that altcoin prices should go high very soon and hopes to welcome new altcoin ATH prices much sooner than anticipated.
