Momentum may pause briefly, but technical indicators suggest stronger gains ahead for Ethereum and altcoins.
Most traders fall into a psychological trap that causes them to miss major moves, but the recent ETH/BTC breakout signals a warning to act now.
According to a chart shared by “Our Crypto Talk,” Ethereum has broken out against Bitcoin after a months-long consolidation. This has raised the possibility that a new altseason is beginning. The analysis warns that traders watching from the sidelines risk missing the next biggest move in crypto.
Notably, the ETH/BTC ratio broke above a consolidation range this week. After bottoming near 0.01800 in April, Ethereum steadily climbed and recently broke out of a long-held consolidation zone between 0.02400 and 0.02600 in what analysts describe as an accumulation phase.
Now, Ethereum appears to be gaining momentum, outperforming Bitcoin as it reclaims key resistance leve…
