TechFlow news, May 27 — According to Cointelegraph, analysis indicates that the price of Ethereum (ETH) has broken above the median line of the Gaussian channel (around $2,600), a technical indicator that historically signals significant upward momentum. The analysis suggests ETH could target $4,100 and potentially trigger a broad "altcoin season." The previous two times this level was surpassed, altcoin market capitalization increased by 1,400% (in 2020) and 200% (in 2023), respectively. If the post-halving decline in Bitcoin's dominance repeats, analysts expect altcoin market cap could rise to $15 trillion. However, risks remain: approximately $12.3 billion worth of ETH holders have a cost basis in the $2,300–$2,500 range, which could lead to selling pressure if prices retreat.
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