{"id":143820,"date":"2024-12-03T14:00:20","date_gmt":"2024-12-03T12:00:20","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143820"},"modified":"2024-12-03T13:07:20","modified_gmt":"2024-12-03T11:07:20","slug":"ethereum-breakout-could-ignite-major-altcoin-rally-analyst-predicts","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ethereum-breakout-could-ignite-major-altcoin-rally-analyst-predicts\/","title":{"rendered":"Ethereum Breakout Could Ignite Major Altcoin Rally, Analyst Predicts"},"content":{"rendered":"<p>With a focus on <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum\u2019s<\/a> <\/strong>recent performance, the strategist <strong><a href=\"https:\/\/x.com\/rektcapital\/status\/1862998608313806929\" target=\"_blank\" rel=\"nofollow\">emphasized<\/a> <\/strong>how a strong breakout could fuel the next altcoin surge.<\/p>\n<p>According to the analyst, Ethereum is nearing a critical threshold around $3,700, and a solid weekly close above this resistance could mark the end of its current downtrend and spark a bullish phase.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$ETH<\/a><\/p>\n<p>Ethereum is now pressing past the ~$3700 resistance of its main pattern (light blue)<\/p>\n<p>Weekly Close above the pattern top would kickstart a breakout and end the 2024 ETH downtrend<a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#ETH<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Ethereum<\/a> <a href=\"https:\/\/t.co\/Ds4vlIB4UV\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/Ds4vlIB4UV<\/a> <a href=\"https:\/\/t.co\/qGTuu7YjDV\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/qGTuu7YjDV<\/a><\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a href=\"https:\/\/twitter.com\/rektcapital\/status\/1862998311289917901?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">November 30, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In a recent update, they highlighted that Ethereum\u2019s price has successfully crossed the $3,700 mark, showing potential for a continued rally.<\/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\/justin-suns-tron-trx-hits-new-record-high-as-market-momentum-builds\/\" title=\"Justin Sun\u2019s Tron (TRX) Hits New Record High as Market Momentum Builds\">\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\/TRON-TRX-MainNet-to-Launch-Today-4-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Justin Sun\u2019s Tron (TRX) Hits New Record High as Market Momentum Builds<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Late last month, Rekt Capital predicted that once Ethereum surpassed the $3,100 level, it would initiate a cycle of capital rotation \u2013 starting from <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong>, moving to Ethereum, and then trickling into mid-cap and smaller altcoins.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$ETH<\/a><\/p>\n<p>Ethereum hasn\u2019t even broken out from its current multi-month macro pattern (light blue)<\/p>\n<p>A Weekly Close above the blue diagonal resistance would likely set up another wave in the Money Flow Cycle as ETH would take control of Large Cap Money Flow<a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#ETH<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Ethereum<\/a> <a href=\"https:\/\/t.co\/b6HsC4z5uG\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/b6HsC4z5uG<\/a> <a href=\"https:\/\/t.co\/LV1hVAvea4\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/LV1hVAvea4<\/a><\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a href=\"https:\/\/twitter.com\/rektcapital\/status\/1861083856121536528?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">November 25, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This pattern, if it unfolds, could set the stage for widespread gains across the altcoin market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Renowned crypto analyst Rekt Capital has shared insights on the future of altcoins, suggesting they could experience significant growth once Ethereum (ETH) takes a decisive move.<\/p>\n","protected":false},"author":7,"featured_media":102855,"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-143820","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 Breakout Could Ignite Major Altcoin Rally, Analyst Predicts<\/title>\n<meta name=\"description\" content=\"Renowned crypto analyst Rekt Capital has shared insights on the future of altcoins, suggesting they could experience significant growth ...\" \/>\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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