Ethereum May Hold the Key to the Next Altcoin Rally
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ETH/BTC one-week chart. Source: Cointelegraph/TradingViewHistorically, major altcoin rallies begin when Ethereum starts outperforming Bitcoin, but that shift has not yet occurred in the current market cycle. The ETH/BTC trading pair continues to move within a descending channel on the weekly chart, signaling that Bitcoin still dominates market momentum.
Analysts say a breakout above the 0.036 level could mark the first sign of strength returning to Ethereum, while reclaiming 0.043 would confirm a broader capital rotation into altcoins. However, some experts — including Matt Hougan, chief investment officer at Bitwise Asset Management — believe the next altcoin cycle may look different, with capital flowing mainly into projects that demonstrate real-world adoption rather than lifting the entire market equally.