Ethereum’s Breakout Could Trigger Explosive Altcoin Rally, Analyst States

A well-known crypto expert believes a single key event could spark a significant and prolonged rally in the altcoin market.

Rekt Capital shared that Ethereum (ETH) breaking a crucial resistance level could lead to transformative months ahead.

They pointed out that a breakout beyond this resistance would likely attract substantial capital into smaller altcoins. If Ethereum achieves a new all-time high, it could serve as a major technical trigger for widespread altcoin growth.

The analyst identified $4,000 as the critical level for Ethereum to surpass, suggesting that sustained weekly closes and retests at this point could propel the price toward $4,500. Beyond that, Ethereum could revisit previous peaks and enter a phase of price discovery, driving the market to new highs.

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In addition to Ethereum, the analyst examined a chart tracking the total market cap of cryptocurrencies outside the top ten, providing insights into altcoin momentum. They noted similarities to 2021, when the altcoin market experienced explosive growth.

According to the analyst, a successful retest at the current level of $315 billion could create conditions for a surge toward $425 billion. Holding this range for several weeks could be the foundation for a strong expansion in altcoin valuations.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.