Analysts noted altcoins outperformed BTC, signaling possible altcoin season momentum.
In the past 24 hours, over $116 Billion flowed into the global token market. This increase in market capitalization came as altcoins, led by Ethereum price, outperformed BTC.
The ETH price rose about 7% earlier today, moving closer to its all-time high. Analysts linked the performance to a shift in market capital toward altcoins rather than Bitcoin.
Market data at press time showed BTC gaining less than 1% over the past day. In contrast, ETH gained about 7% in the same period.
Several other altcoins posted higher percentage increases than BTC, according to trading volume data.
The $116 Billion inflow did not concentrate in BTC. Instead, a significant share went into altcoins, which analysts viewed as a possible early sign of an altseason.
Altseason is a market phase where altcoins gain market share against BTC. This phase often follows sustained capital inflows and strong technical breakouts in major altcoins.
According to CoinMarketCap data, the ETH price moved from around $4,300 to around $4,700 at press time.
The token is narrowing the gap to its record high of about $4,892. This left it less than 5% below its peak.
Market capitalization for ETH stood near $575 Billion at press time. Trading volume over 24 hours was close to $61 Billion.
Both figures reflected strong market activity compared to earlier in the week.
Analysts said the move above $4,500 was a notable technical event. Breaking this level placed the token in a range not seen since its last record high period.
Sustaining momentum from this level could position ETH for new price milestones.
Several analysts commented on the pattern behind the recent move. Doctor Profit, known for price trend analysis, noted Ethereum price had been in a prolonged period of sideways action.
He said the breakout aligned with earlier expectations for the token’s recovery.
Another market analyst observed that ETH appeared to be exiting a four-year consolidation range. He drew comparisons to a past breakout that preceded a 20-fold increase over a year.
While conditions and market structure in 2025 differed from prior cycles, the breakout pattern showed similarities.
Analysts said such moves often led to increased speculative interest and higher trading volumes.
At press time, ETH traded near its session highs, with momentum indicators pointing to strong buying interest.
The Relative Strength Index (RSI), a measure of overbought or oversold conditions, was at elevated levels but not at extremes.
Sustained inflows into the broader token market, combined with ETH holding above $4,500, could maintain upward pressure.
Market participants were monitoring whether altcoins could continue to outperform BTC in the short term.
The next key resistance for Ethereum price remained its all-time high near $4,892. A decisive break above that level would mark a new record for the token.
The ability to reach and hold that price would likely depend on continued capital inflows and positive sentiment across the altcoin sector.
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