As Bitcoin fights to break past the $99,000 resistance level and reclaim its six-digit price, cryptocurrency analysts are shifting their focus toward altcoins. With mid-February here, all eyes are on Ethereum (ETH), which is primed for a potential new all-time high (ATH). Historically, February and March have proven to be bullish months for ETH, igniting hope that the pioneer altcoin will set a new record this bull cycle.
Ethereum’s Potential for a New ATH
Ethereum, a market leader for altcoins, is expected to take the lead during this bull cycle’s peak altseason phase. Analysts are optimistic that a new ATH for ETH could trigger an explosive pump in the altcoin market. With Bitcoin entering the Bitcoin Halving year, Q1 is seen as the pivotal moment for altcoins to thrive. Historical data suggests that this is when altseason typically kicks off, and indicators are aligning for a major rally.
#Altcoins
— ππ π¦π€π₯ππβπ 𧲠(@el_crypto_prof) February 12, 2025
-CPI marked the last 6 bottoms of $BTC
-BTC Dominance is touching a trend line that has been in place for almost 8 years (each touch led to an altseason)
AND..
It also touches an indicator that has never been broken before.
It's now or never for Altcoins, IMO. pic.twitter.com/omWCjWWpfJ
Multiple factors are driving this optimism. A golden cross formation on altcoin price charts points to bullish momentum, while the Consumer Price Index (CPI) shows a consistent pattern of Bitcoin’s price bottoms. Additionally, Bitcoin Dominance is approaching a trendline that has held for nearly eight years, signaling that altcoins may soon experience a surge.
Looking back at history, #Cardano $ADA seems to be repeating the same pattern from 2020 to 2021 at a slower pace, which could soon lead to a parabolic rally!
— Ali (@ali_charts) February 12, 2025
Go to @SimpleFXcom via my link https://t.co/GLjkpQvNJr, claim the $5,000 bonus, and get some before it's too late! pic.twitter.com/5aJn6aQjKC
Cardano (ADA) Set for a Parabolic Rally
Cardano (ADA) is another altcoin showing strong signs of bullish movement. The asset is exhibiting similar patterns to the bull cycles of 2020 and 2021, though at a slower pace. Analysts believe that this could lead to a parabolic rally for Cardano in the weeks ahead, with expectations for a potential new ATH in this cycle.
Also Read: Cardano Price Set for $3: Will ADA Break Resistance and Reach a New All-Time High?
As the cryptocurrency market heats up, Ethereum and Cardano are standing out as the frontrunners for a major altcoin rally, making them key assets to watch as altseason approaches.
Disclaimer:Β The information in this article is for general purposes only and does not constitute financial advice. The authorβs views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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