Altcoin Season Incoming? Ethereum’s 20% Breakout May Be the Spark

Ethereum has surged 20% in 24 hours, reclaiming key EMAs and triggering renewed market excitement. Mixed on-chain signals point to short-term caution but long-term accumulation and bullish intent. The TOTAL2 chart shows bullish momentum but nears resistance and overbought territory. Ethereum (ETH) has flipped the crypto market on its head with a sharp 20% surge in the past 24 hours, pushing the price to $2,323.54 and briefly touching a daily high of $2,486.01. Ethereum’s trading volume also exploded, up 150% to a massive $51.56 billion. ETH Reclaims Key Support Levels As per CoinMarketCap data , ETH has convincingly reclaimed its 20-day EMA at $1,869 and is now hovering near the 50-day EMA at $1,883, both of which could act as strong support zones in the near term. This sudden bullishness has resulted in speculations of a broader altcoin sector rally. Bitcoin Dominance has officially peaked! From this point on, I’m NOT expecting any further rise. As dominance drops, the #AltcoinSeason will be absolutely massive! Trust me — I know the way. Stay focused and believe. #Altcoins https://t.co/V2fYErL13z pic.twitter.com/SlylOZwLNr — @CryptoELlTES (@Cr… The post Altcoin Season Incoming? Ethereum’s 20% Breakout May Be the Spark appeared first on Coin Edition .

Source: Coin Edition