28th June 2025 – (New York) According to analysts, Ethereum’s technical setup indicates a potential surge in its price, signalling the onset of an “altseason” in the coming weeks or months. Technical analysis, utilising the Wyckoff method, suggests an impending breakout for Ethereum towards the $3,200 mark, as highlighted by crypto analyst Mikybull. The analyst stated, “Ethereum is done with ‘test’ on Wyckoff reaccumulation schematic,” predicting a substantial rally ahead.
Another analyst, XForceGlobal, shares a positive outlook for ETH, foreseeing Ethereum’s push towards all-time highs during this cycle. The recent climb to $2,800 was deemed “objectively bullish,” with real-time data supporting this upward trend. An Elliott Wave analysis presented a potential breakthrough to $9,400, with projections indicating a further climb to $9,000-$10,000.
In anticipation of a potential altcoin season, the Altcoin Season Index is showing favourable signs, encouraging investors to consider altcoins at this juncture. Bitcoin’s current dominance at 65.77% suggests it’s still in a “Bitcoin season” phase, with indicators pointing towards a forthcoming altcoin surge once Bitcoin dominance surpasses 70%.
Analysts predict that a full-fledged altseason could commence as Bitcoin dominance nears the 71% level, potentially opening up lucrative opportunities for altcoin investors in the coming months.
