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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
Join the Trading Volume & Net Deposit Leaderboards to win from a 20 ETH prize pool
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- 📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
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Can ETH break $4800?
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
💰 $10 Futures Voucher * 4 winners
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1️⃣ Follow Gate_Square
2️⃣ Like this post
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📅 Ends at 4:00 AM July 22 (UTC)
Analysis: ETH/BTC is forming multiple bullish technical patterns, which may trigger a new alt season.
Odaily News ETH/BTC is forming multiple bullish technical patterns, analysts believe this may trigger a new round of altcoin season in 2025. Technically, the ETH/BTC ratio is in both a cup-handle pattern and a bullish flag pattern. The cup handle pattern suggests a possible break above the 0.02596 BTC neckline with technical targets near 0.03814 BTC, suggesting a possible 55% rise by July. The bullish flag pattern signals a possible breakout to 0.03235 BTC, which is about 30% above the current level. Analyst Trader Tardigrade said the ETH/BTC breakout could trigger an altcoin season in 2025. The data presented by analyst Sensei shows that the market capitalization of altcoins relative to Bitcoin is re-testing the long-term upward support trend line. Historically, each rebound from this level has signaled a massive rise in altcoins, once leading to a 9,000% rise and another time triggering a 180,000% market cap explosion. Analyst Moustache also pointed out that alts are breaking out of a seven-year descending wedge, a pattern that appeared before the major rises in 2017 and 2020, suggesting that a new round of altcoin season may be on the horizon. (Cointelegraph)