BlockBeats news, on June 27, according to Cointelegraph, the technical pattern of Ethereum indicates that ETH is likely to experience a significant pump, possibly starting an alt season in the coming weeks or months. Crypto Assets analyst Mikybull stated that using Wyckoff Technical Analysis shows that the price of Ethereum could break through the $3,200 mark. Several analysts predict that the target price for Ethereum in this cycle is $10,000 and above. Joao Wedson, founder and CEO of Alphractal, stated in a June 26 post on X that the altcoin season index is signaling opportunities; over the past 60 days, Bitcoin has outperformed alts, and the altcoin season index remains in the green zone below 20%. This is not necessarily a “bad thing,” he believes, “it could be a great opportunity to accumulate while alts are still lagging behind.” Whenever the index breaks through the 20% threshold, it tends to rise rapidly in a short time, exceeding 80%, at which point the “lagging” alts begin to outperform Bitcoin.
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