{"id":143715,"date":"2024-12-01T15:00:35","date_gmt":"2024-12-01T13:00:35","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143715"},"modified":"2024-12-01T15:01:00","modified_gmt":"2024-12-01T13:01:00","slug":"ethereums-breakout-could-trigger-explosive-altcoin-rally-analyst-states","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ethereums-breakout-could-trigger-explosive-altcoin-rally-analyst-states\/","title":{"rendered":"Ethereum&#8217;s Breakout Could Trigger Explosive Altcoin Rally, Analyst States"},"content":{"rendered":"<p>Rekt Capital shared that Ethereum (<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">ETH<\/a><\/strong>) breaking a crucial resistance level could lead to transformative months ahead.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/amemecoin-trader-makes-38399x-return-on-his-investment-here-is-how\/\" title=\"Memecoin Trader Makes 38,399x Return on His Investment \u2013 Here is How\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/jo0888h-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Memecoin Trader Makes 38,399x Return on His Investment \u2013 Here is How<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>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.<\/p>\n<p>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.<\/p>\n<p><iframe loading=\"lazy\" title=\"Next Months Will Change Your Life\" src=\"https:\/\/www.youtube.com\/embed\/EJDI7C_91RU\" width=\"100%\" height=\"463\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A well-known crypto expert believes a single key event could spark a significant and prolonged rally in the altcoin market.<\/p>\n","protected":false},"author":7,"featured_media":1359,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-143715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum&#039;s Breakout Could Trigger Explosive Altcoin Rally, Analyst States<\/title>\n<meta name=\"description\" content=\"A well-known crypto expert believes a single key event could spark a significant and prolonged rally in the altcoin market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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