Analysis: The ETH/BTC ratio is forming multiple bullish technical patterns, which may trigger an altcoin season.

According to ChainCatcher news and a report from Cointelegraph, ETH/BTC is forming multiple bullish technical patterns, and analysts believe this could trigger a new season of alts in 2025. On the technical front, the ETH/BTC ratio is simultaneously showing a cup and handle pattern and a bullish flag pattern. The cup and handle pattern indicates a potential breakout at the neckline of 0.02596 BTC, with a technical target close to 0.03814 BTC, suggesting a possible rise of 55% by July. The bullish flag pattern, on the other hand, suggests a potential breakout to 0.03235 BTC, which is about 30% higher than the current level. Analyst Trader Tardigrade stated that a breakout in ETH/BTC could trigger an altcoin season in 2025. The data presented by analyst Sensei shows that the market capitalization of alts relative to Bitcoin is re-testing the long-term ascending support trend line. Historically, every rebound from this level has indicated a massive rise in alts, with one instance leading to a 9,000% rise and another triggering a 180,000% market cap explosion. Analyst Moustache also pointed out that alts are breaking out of a seven-year descending wedge, a pattern that appeared before the major rises in 2017 and 2020, suggesting a new round of altcoin season may be on the horizon.