Altcoin Season Just Flashed A Golden Cross Amid Crypto Market Recovery
A major occurrence suggests an imminent altcoin season, highlighted by a 1-day Golden Cross for altcoins, the first since post-US elections. This formation has historically led to market surges of over 73%. The total crypto market cap, currently at $3.39 trillion, could reach at least $4.03 trillion during this rally. Recent price movements show Ethereum nearing $2,900 and Solana hitting $170, indicating growing optimism. Bloomberg analyst Eric Balchunas anticipates a potential Altcoin ETF summer, with Solana likely leading. Ethereum ETFs have seen significant inflows, reaching a four-month high of $240 million. Market expert Paul Barron predicts an imminent ETH/BTC breakout, which could catalyze the altcoin season, while analyst Mikybull Crypto identifies $2,800 as the next resistance for Ethereum before a potential rise to $3,900.
