The crypto market is on high alert as analysts closely monitor the ongoing bull cycle for signs of an imminent altseason peak. Ethereum (ETH), the pioneer altcoin, has emerged as a prime candidate for a massive rally, with a highly reputed crypto analyst identifying a hidden bullish divergence pattern on the ETH price chart. This pattern suggests that Ethereum could be on the verge of a significant upward breakout, potentially leading the charge for altseason.
$ETH is forming a huge hidden bullish divergence.
— BATMAN ⚡ (@CryptosBatman) March 27, 2025
The hidden divergences highlight just how oversold a chart really is, and in this case, Ethereum is a perfect pick.
When something is at the bottom, the only way to go is up. pic.twitter.com/BW9wrnATRE
ETH Forms Huge Hidden Bullish Divergence Pattern
A well-known crypto analyst recently shared a compelling observation regarding Ethereum’s price movements. The analyst highlighted a hidden bullish divergence on the ETH chart, an indicator suggesting that ETH is heavily oversold. Historically, such patterns have preceded major upward price movements. The analyst further noted that Ethereum appears to be printing a bottom, and when an asset reaches its lowest point, the only direction left to go is up.
Community responses to the analysis have been overwhelmingly positive, with traders and analysts echoing the bullish sentiment. Some describe this phase as the “calm before the storm,” anticipating a dramatic ETH price surge in the near future.
Ethereum’s Market Standing and Altseason Expectations
According to CoinMarketCap data, ETH is currently trading at $1,906, a considerable distance from its previous all-time high (ATH) of $4,891.7. Ethereum’s market cap stands at approximately $229.9 billion, with a 24-hour trading volume of $15.9 billion. Given the growing anticipation of a breakout, the belief that ETH could spearhead the altseason peak is gaining momentum.
RSI Holds Higher Lows, Signaling Altseason Takeoff
Each of the crypto market's "Alt-Seasonz" started off with Prices breaking out and the RSI holding Higher Lows.
— JAVON⚡️MARKS (@JavonTM1) March 27, 2025
Prices are currently broken out and the RSI holds Higher Lows yet again!
ALT SEASON CAN BE LOADING IN ✨!!! pic.twitter.com/rNa1IkwbuD
Adding fuel to the bullish narrative, analysts point to the Relative Strength Index (RSI) holding higher lows—an established precursor to past altseason breakouts. Historically, every major altseason has been marked by price breakouts coinciding with RSI uptrends. With this pattern now repeating, many believe that Ethereum is poised to follow in Bitcoin’s November 2024 footsteps, potentially reaching new ATHs.
Also Read: Crypto Analyst: XRP Set to Dominate Bitcoin & Ethereum
With indicators aligning for a bullish rally, has the time arrived for Ethereum to dominate this bull cycle? The market eagerly awaits the answer.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s 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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