TechFlow, May 31 — According to Cointelegraph, the ETH/BTC pair is forming multiple bullish technical patterns, which analysts believe could trigger a new "altseason" in 2025.
Technically, the ETH/BTC ratio is simultaneously exhibiting a cup-and-handle pattern and a bull flag pattern. The cup-and-handle suggests a potential breakout above the 0.02596 BTC neckline, with a technical target near 0.03814 BTC, implying a possible 55% rise by July. Meanwhile, the bull flag points to a breakout toward 0.03235 BTC, roughly 30% higher than current levels. Analyst Trader Tardigrade stated that a breakout in ETH/BTC could spark the 2025 altseason.
Data presented by analyst Sensei shows that the market capitalization of altcoins relative to Bitcoin is retesting a long-term rising support trendline. Historically, every bounce from this level has signaled massive altcoin rallies—one leading to a 9,000% gain, another triggering a 180,000% market cap explosion.
Analyst Moustache also noted that altcoins are breaking out of a seven-year descending wedge pattern, a formation previously seen before major rallies in 2017 and 2020, suggesting a new altseason may be imminent.
