Bitcoin Breakout or Breakdown Could Determine Altseason Success as Ethereum Shows Signs of Bottoming

• Bitcoin breakout or breakdown could determine altseason success.
• Pioneer altcoin Ethereum shows signs of bottoming.
• Will ETH hit a new ATH and finally trigger altseason peak.

The crypto market has been eagerly waiting for altseason peak for the whole of Q1 2025. With Bitcoin Dominance showing signs of falling analysts now watch Bitcoin closely for a breakout or a breakdown. Bitcoin’s next action could determine altcoins success as Ethereum shows signs of bottoming. Is the pioneer altcoin ETH finally ready to usher in the peak of this bull cycle’s altseason? 

Historically, every Q1 following a Bitcoin halving year has led to the peak of the altseason phase of that bull cycle. As Q1 of 2025 comes to an end, it seems for the first time, altseason may be delayed, or that the 4-year bull cycle may not be the same blueprint that the crypto market is following anymore. Either way, analysts are determined that altseason will play out as the bull cycle cannot end without a flourishing altseason.

So far, a few altcoins like ONDO, FET, and SUI have already set new ATHs this bull cycle, but pioneer assets like ETH and DOGE and legacy altcoins like XRP and ADA have set to make new ATHs this bull cycle, and analysts believe that ETH setting a new ATH will act as the trigger to altseason peak finally arriving. 

As we can see from the post above, the pioneer altcoin Ethereum (ETH) is showing signs of bottoming. The analyst in the post shares a chart of the weekly Scholastic RSI depicting a bullish crossover in oversold territory. He says that this indicator has often signaled the market bottom for ETH. If this is true, then perhaps it is time for ETH price to pump to new ATHs this bull cycle, at last. However, responses to the post suggest a slow movement between 5-9 weeks for ETH upward movement to begin. 

This line well perfectly with the movements of Bitcoin. Often altcoins can only pump once BTC Dominance falls and Bitcoin does not seem ready to give up its lead yet. As the post shared above depicts, Bitcoin is currently in an upward trend but can easily go either way in the coming days ahead. This analyst believes a breakout of breakdown scenario is on the verge of revealing itself for Bitcoin. 

Furthermore, the analyst goes on to say that the recent local bottom for BTC will likely start the very beginning of what will soon become the start of altseason and lead into the altseason peak phase where several capable altcoins will go on to set new ATHs. He believes this phase is just on the precipice of running.  

Tags:Altcoin Altseason Bitcoin BTC Crypto market cryptocurrency ETH Ethereum