The crypto market is increasingly focusing on altcoins as Bitcoin maintains its position, and trading volumes shift toward smaller tokens. Analysts highlight key indicators signaling the start of a new altcoin season.
Golden Cross Signals in Altcoin Market
In the altcoin market (excluding Ethereum), the MACD indicator has formed a 'golden cross' for the first time this year. This is a signal that previously led to a month-long surge, as seen in November 2024 when Ethereum hit $4,000 and XRP reached new highs.
Bitcoin's Strength Without Dominance
Bitcoin has closed two consecutive weeks above its previous all-time high. If BTC closes strong this week, altcoins are expected to 'enter turbo mode.' With Crypto Week approaching in Washington and discussions on pro-crypto regulations, capital is starting to shift toward altcoins. Bitcoin dominance has dropped from 66% to 64%, confirming this trend.
Ethereum Shows Relative Strength
The ETH/BTC ratio has broken a three-year downtrend, and a golden cross is also forming. These technical shifts indicate that Ethereum is outperforming Bitcoin, which is often the case when altcoin season accelerates.
With technical indicators flashing green, declining Bitcoin dominance, and shifting institutional sentiment, altcoin season may not just be on the horizon; it could already be underway.
