Recent analysis of the crypto market indicates that the TOTAL3 chart may hint at the upcoming altseason, despite Ethereum's weak performance. Let's explore the key components of the current situation.
The TOTAL3 Chart and Its Significance
TOTAL3 is a chart that represents the combined market capitalization of all altcoins, excluding Bitcoin and Ethereum. In late 2023, TOTAL3 broke above a key trendline after several months of sideways movement, leading to significant altcoin gains. This scenario repeated in late 2024, and now in mid-2025, the chart shows similar signs of consolidation on long-term support.
Components of Altseason
Historically, altseasons typically begin when Ethereum regains its all-time highs. Currently, ETH exhibits sluggish growth compared to Bitcoin, potentially delaying the rise of most altcoins. Trader Moustache noted a threefold repetition of significant circles on the TOTAL3 chart, indicating the potential for another upward movement.
Ethereum's Prospects and Market Impact
Despite Ethereum's current weakness, the overall altcoin structure remains intact. TOTAL3 remains above trendline support, which has historically led to rallies. Many traders consider Q4 2025 as a potential timeline for ETH's breakout, which could unleash a new wave of altcoin momentum. Macroeconomic factors and positive crypto sentiment may expedite this process.
While Ethereum is not yet showing strength, there are hopes for the recovery of the altseason thanks to the TOTAL3 chart. If ETH can surpass its previous highs, it will pave the way for activating the altcoin market.
