The cryptocurrency market is entering a critical phase as the ETH/BTC pair approaches the 0.032–0.034 support zone, sparking debate over when the next Altseason may occur. Analysts are split on whether Bitcoin must reach new all-time highs to ignite a broad altcoin rally or if Ethereum can independently drive the market upward.
ETH’s recent movements suggest the pair may be forming a higher low, potentially setting the stage for a pivotal market reversal. With altcoin market capitalization still roughly 20% below its all-time high, market participants are closely watching ETH/BTC for signals of renewed bullish momentum.
Bitcoin’s Role in Triggering Altseason
Many experts, including Benjamin Cowen, argue that Bitcoin remains the gatekeeper for a true Altseason. Cowen highlights two critical conditions: Ethereum must break and sustain levels above $5,000, and Bitcoin must establish new all-time highs.
“The only way to get an ‘ALT Season’ is for BTC.D to first go up as BTC goes to new highs,” Cowen explained.
Historically, BTC Dominance (BTC.D) tends to rise alongside new Bitcoin highs before altcoins follow suit. Some analysts note, however, that the BTC.D peak does not always coincide with Bitcoin’s price top. For instance, the June 2025 BTC.D high around 65% could already mark the dominance cycle peak, suggesting altcoins might gain momentum even if Bitcoin doesn’t push higher immediately.
Despite this, the Altcoin Season Index has dropped below 75, indicating that altcoins are currently underperforming Bitcoin. Some analysts even argue that the “current altcoin season” may be concentrated in cryptocurrency stocks rather than tokens themselves.
Ethereum’s Independent Bullish Potential
Not all analysts believe Bitcoin must lead the rally. CryptoBullet, for example, cites historical evidence showing Ethereum rallied significantly following BTC peaks in both December 2017 (+88%) and April 2021 (+79%). This suggests that Ethereum can, at times, drive market momentum independently, providing a potential catalyst for a fresh altcoin surge.
ETH’s performance remains under scrutiny as traders evaluate its behavior near $5,000, a key psychological and technical resistance level. A decisive breakout above this level could accelerate altcoin market gains, irrespective of Bitcoin’s short-term price action.
ETH/BTC at Critical Support Levels
Analysts like Ted emphasize that the market has not officially entered Altseason yet. ETH/BTC’s approach to the 0.032–0.034 support zone is particularly noteworthy, as this historically significant level has triggered strong rebounds in previous market cycles.
If ETH/BTC holds this zone, it could signal the start of a bullish phase for altcoins, supported by improved macro conditions. Conversely, a failure to maintain support may lead to further consolidation before a broader rally can occur.
Macro Factors Supporting Altcoin Optimism
Several macroeconomic factors are also influencing altcoin prospects. The U.S. Federal Reserve’s hints at potentially ending Quantitative Tightening (QT) could inject liquidity into risk assets, including Ethereum and other altcoins. Increased liquidity often acts as a tailwind for altcoins, enabling stronger price appreciation once key technical levels are breached.
Analyst FANG adds a bullish perspective, noting that the current ETH/BTC uptrend is the first in four years and represents a rare setup that should not be ignored. He believes that Ethereum above $5,000 is only a matter of time, which would likely accelerate the start of a broader altcoin rally.
Analyst Debate: Timing and Strategy
The discussion around the next Altseason remains divided. While some emphasize Bitcoin’s leadership as a prerequisite, others highlight Ethereum’s ability to drive altcoin performance independently. Traders and investors must watch ETH/BTC closely, as the pair’s behavior near the 0.032–0.034 support zone could define market direction in the coming months.
Whether altcoins surge immediately or consolidate further, ETH/BTC’s support test remains a critical metric. Historical patterns, combined with macroeconomic signals and technical setups, suggest that a decisive move above this zone could trigger significant bullish momentum, potentially leading to renewed gains across the altcoin market.
Conclusion: ETH/BTC Watchlist Zone Critical for Traders
As ETH/BTC hovers near the 0.032–0.034 support, market participants are preparing for a pivotal moment that could define the next phase of the cryptocurrency cycle. Traders should monitor Ethereum’s price behavior near $5,000, BTC Dominance levels, and macroeconomic signals such as Fed liquidity decisions to anticipate the potential start of a powerful Altseason.
Analysts agree that the months ahead could be decisive: either ETH/BTC confirms support and sparks broad market gains, or altcoins continue to consolidate while waiting for clearer bullish signals. For now, ETH/BTC remains the key indicator to watch for those seeking to gauge the timing and strength of the next altcoin surge.
Post Views: 68
