Mars Finance News, according to Cointelegraph, analysis indicates that ETH price has broken through the midline of the Gaussian channel (around $2,600), a technical indicator that historically has signaled significant price increases. Analysis shows that ETH may target $4,100, potentially triggering a widespread "Altcoin season". In the past two times after breaking this level, Altcoin market capitalization grew by 1,400% (2020) and 200% (2023). If the pattern of Bitcoin's declining dominance after halving repeats, analysts expect Altcoin market capitalization could rise to $15 trillion. However. should be noted, approximately $12.3 billion of ETH holders' cost basis in the $2,300-2, 500 range, which could trigger selling pressure if prices fall.
Analysis: Ethereum breaks through key resistance level, may trigger a new round of altcoin season
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