Ethereum outperforming bitcoin signals altseason ahead — FXStreet

According to FXStreet, Ethereum continues to strengthen against bitcoin, suggesting a shift in investor interest toward altcoins. Technical indicators, such as the double top pattern and the bearish divergence of the Relative Strength Index, suggest that bitcoin's dominance in the cryptocurrency market risks weakening.

FXStreet analysts attribute this to the increase in the market capitalization of cryptocurrencies (excluding BTC) to over $1.22 trillion. The Altseason Index from CoinMarketCap is currently at 32 points. Values below 25 indicate bitcoin's strong leadership, while those between 25 and 50 suggest a weakening of this trend. An altcoin growth season begins at a value above 75.

According to CoinMarketCap data, Ethereum has gained nearly 48% over the past 90 days, outperforming bitcoin by 17%. This is considered an early sign of an altcoin season. FXStreet advises considering such dynamics a signal to buy alternative coins before their rally begins.

However, the website's experts warn about the risks of Ethereum closing below the 50% Fibonacci level and correcting to the $2,470 mark, which could delay the altseason.