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Altcoins Form Cup & Handle as Ethereum Surges, Altseason Soon?

Altcoin Market Cap

Altcoin Market Cap Forms Bullish Pattern Near $1T


Ethereum outpaced Bitcoin during early 2021, climbing 202.61% compared to Bitcoin’s 40.57% gain between February and April. Such a steep difference demonstrated that Ethereum could spearhead rallies and draw capital before the inflows reached mid- and lower-cap altcoins.

Both assets recovered by July 2021, yet Ethereum continued to have greater percentage gains. This repetitive pattern indicated that Ethereum may signify the beginning of larger altcoin rotations.

Altcoin Market Cap Signals Breakout Potential

Altcoins market capitalization, not including Bitcoin and Ethereum, is about $1.06 trillion, as of the weekly period. The chart has a cup and handle shape, which is a bullish continuation pattern that frequently comes before huge upward movements.

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Ronny Mugendi

About the Author Ronny Mugendi

Expertise coingabbar.com

Ronny Mugendi is an experienced crypto journalist with four years of professional expertise, having made substantial contributions to multiple media platforms covering cryptocurrency trends and innovations. With more than 4,000 published articles to his name, he is dedicated to informing, educating, and bringing more people into the world of Blockchain and DeFi. Beyond his journalism work, Ronny finds excitement in bike riding, enjoying the adventure of exploring fresh trails and landscapes.

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