- •Ethereum’s BULL CAP cycles mirror past rallies, supporting another bullish breakout from the $4,000 support.
- •BTC dominance chart signals potential altcoin rotation as historical wedge pattern nears key inflection.
- •Google Trends data shows retail interest in “altcoins” spiking, often preceding major market moves.
Ethereum’s weekly chart is echoing familiar bullish cycles, pointing toward another major breakout. Coupled with BTC dominance and retail sentiment, signs suggest an incoming altcoin surge.
Ethereum Price Cycles Signal Next Leg Toward $5,600
Ethereum (ETH/USD) is showing signs of repeating a familiar bullish pattern that's played out multiple times before. According to a weekly chart shared by analyst @el_crypto_prof, ETH has formed three major accumulation zones, referred to as “BULL CAPs,” each followed by strong price rallies.
The first BULL CAP appeared in September 2023, marking the end of a long downward trend. ETH then surged by 145%, topping out near $4,000 in early 2024. After that, a correction phase kicked in—known as the “BEAR ACTIVE” zone—where price pulled back and set the stage for the next move.
In early 2025, BULL CAP 2 led to an even more powerful 167% breakout, pushing ETH above $4,800. Once again, a BEAR ACTIVE correction followed. Now, ETH seems to be forming BULL CAP 3 around the crucial $4,000 level—an area that once acted as resistance and may now serve as support.
This repeating “cap-and-spike” structure points to strong buying at the lows. If $4,000 holds, the chart pattern supports a potential run toward $5,600.
BTC Dominance Hints at Altcoin Rotation
Bitcoin dominance—a key metric tracking Bitcoin’s share of the overall crypto market—is showing signs that could point to another altcoin rally. Historically, when dominance drops to the lower edge of its long-term wedge pattern, it often sparks an “altcoin season.”
We saw this in late 2020, when a bearish MACD crossover led to a sharp fall in dominance and a massive altcoin surge. Right now, BTC dominance is hovering near that same wedge support, with similar bearish MACD signals appearing. If this setup plays out again, we could see dominance fall toward 40%, opening the door for altcoins to run.
Spike in Retail Interest Adds to Bullish Setup
Adding to the momentum is a sharp spike in Google searches for “altcoins,” signaling growing public interest. In the last day of a 7-day period, search volume surged to nearly 100—the highest possible score on Google Trends.
Such sudden jumps often hint at a major catalyst, like a price rally or big news. Historically, this kind of retail attention has been a strong precursor to altcoin market surges.