Analysis: ETH/BTC is forming multiple bullish technical patterns, which may trigger a new copycat season

PANews reported on May 31 that according to Cointelegraph, ETH/BTC is forming a number of bullish technical patterns, which analysts believe may trigger a new round of "altcoin season" in 2025. Technically, the ETH/BTC ratio is in both a cup-handle pattern and a bullish flag pattern. The cup handle pattern suggests a possible break above the 0.02596 BTC neckline with a technical objective near 0.03814 BTC, suggesting a possible 55% rise by July. The bullish flag pattern signals a possible breakout to 0.03235 BTC, which is about 30% above the current level. Analyst Trader Tardigrade said the ETH/BTC breakout could trigger an altcoin season in 2025.

Data presented by analyst Sensei shows that the altcoin market capitalization relative to Bitcoin is retesting the long-term ascending support trend line. Historically, each rebound from this level has heralded a massive rally in altcoins, with one result in a 9,000% increase and the other triggering a 180,000% market cap explosion. Analyst Moustache pointed out that altcoins are breaking out of the seven-year decline wedge, a pattern that emerged before the 2017 and 2020 rallies, suggesting that a new altcoin season may be on the horizon.

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