- ETH/BTC is retesting the 2021 breakout level.
- Technical indicators suggest strong bullish momentum.
- A breakout could signal the start of a new Altseason.
The ETH/BTC trading pair is flashing signs of a potential breakout that could change the trajectory of the crypto market. Traders are watching closely as Ethereum tests a key monthly resistance level — the same level that triggered the explosive Altseason of 2021.
But this time, the conditions appear even stronger for a breakout. The market has compressed after a long downtrend, and now the technical indicators are aligning for a major move.
Technical Indicators Point to Bullish Momentum
Several bullish signals have emerged on the ETH/BTC monthly chart:
- Stochastic RSI: A confirmed bullish cross has locked in, suggesting upward momentum is building.
- RSI: The Relative Strength Index is now breaking above a long-term moving average, indicating strength returning to ETH relative to BTC.
- Price Action: Ethereum is pressing into major monthly resistance, with increasing volume and pressure building just below the breakout level.
These combined signals suggest a breakout could be imminent — and if it follows the pattern from 2021, a full-scale rotation into altcoins may follow.
Could This Trigger the Next Altseason?
When this same resistance level broke in 2021, altcoins soared. The current market setup mirrors that moment, but with added fuel: the downtrend that preceded this test has been longer, creating more pressure. Traders are calling this a “compressed spring” — and once it pops, the market could move fast.
If ETH/BTC breaks above the current resistance, it could confirm the start of a new Altseason, as investors rotate out of Bitcoin and into Ethereum and other altcoins in search of higher returns.
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