🚀 Ethereum Challenges Bitcoin! Breaking through key barriers, 2025 altcoin season is here!
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As 2024 draws to a close, the focus of the crypto market is turning to Ethereum (ETH), and its strong performance relative to Bitcoin (BTC) indicates a possible trend reversal. Ethereum's breakthrough could pave the way for a rebound in the first quarter of 2025, allowing it to usher in a dominant position in the altcoin market.
Ethereum price breakthrough is imminent: challenging Bitcoin's king status
Crypto analyst Daan Crypto Trades pointed out that Ethereum is forming a strong reversal signal by analyzing the ETH/BTC trading pair. Currently, the 0.786 Fibonacci retracement level (0.0337) is a key support level. After breaking through this level, the ETH/BTC trading pair is expected to enter a bullish mode. If Ethereum breaks through the key resistance level of 0.04 BTC, it will confirm a medium-term trend reversal, which may weaken Bitcoin's dominance and enhance the market strength of altcoins, especially Ethereum.
Bullish in 2025: Historical data points to ETH rebound
Daan analyst points out that ETH/BTC has historically shown a trend of seasonal increases, especially when entering the first quarter of 2025. A breakout above 0.04 BTC could cause ETH prices to surge to 0.046 BTC and bring a significant uptick to the altcoin market.
Altcoin season is coming: Bitcoin dominance will be challenged
If Bitcoin dominance declines further, investors may turn to altcoins, especially Ethereum. Currently, Bitcoin's dominance is 57.8%, but there is downward pressure in the market, and analysts predict that its dominance may fall to 42%. This change will provide a strong upward momentum for altcoins, marking the upcoming expected "altcoin season".
Ethereum leads the gains, and the altcoin season is about to begin!
With Ethereum's breakthrough and Bitcoin's dominance declining, the first quarter of 2025 is expected to usher in a strong rebound in the altcoin market. Investors should pay attention to ETH's breakthrough of key resistance levels, indicating that the market may usher in a new wave of increases!
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