Altcoin Market Poised for Significant Upsurge: Analyst Insights
Renowned economist Henrik Zeberg has forecasted a significant uptick in altcoin values in the upcoming week. This prediction is grounded in technical analysis, which indicates a surge in bullish momentum across various alternative cryptocurrencies.
Anticipating the Altcoin Season Amidst Bitcoin Dominance
The cryptocurrency community has been eagerly awaiting an altcoin season, especially after Bitcoin’s (BTC) prolonged dominance. The leading digital currency recently reached a remarkable trading value of $118,000, further intensifying the anticipation. Zeberg’s prediction hinges on the unfolding of “wave III of wave 3 of wave C” among most altcoins, as shared in his social media post dated July 12.
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Understanding the Elliott Wave Theory
The “waves” mentioned by Zeberg refer to the Elliott Wave Theory, a popular tool among traders for analyzing market psychology and price movements. In this framework, Wave 3 is often the most dynamic phase, with Wave iii indicating an exceptionally strong sub-phase of market acceleration.
Ethereum: The Catalyst for Altcoin Growth
Henrik Zeberg also highlighted that Ethereum (ETH) is already displaying the anticipated breakout characteristics, positioning itself to spearhead the broader altcoin rally. This trend is typical during altcoin seasons when investors shift their capital from Bitcoin to smaller cryptocurrencies, thereby amplifying gains market-wide.
Zeberg anticipates further growth for Ethereum ahead of the anticipated summer slowdown—a period known for reduced trading activity in the crypto market. Nonetheless, he cautions investors about a potential sharp decline later in the season, emphasizing the need for traders to brace for significant market volatility.
As of the latest data, Ethereum, the second-largest cryptocurrency by market capitalization, was priced at $2,955, reflecting a 0.6% decrease over the past 24 hours. Despite this, Ethereum has experienced a 17% rally over the previous week.
Bitcoin’s Declining Dominance and Altcoin Opportunities
In a related observation, cryptocurrency expert Michaël van de Poppe noted a weakening in Bitcoin’s dominance in his July 12 post. He identified a clear bearish divergence, a pattern that historically precedes short-term reversals and triggers altcoin rallies.
Traders are now turning their attention to the 54% to 55% support range. A confirmed breach below this threshold could prompt a strategic shift towards altcoins, as investors seek potentially higher returns outside of Bitcoin.
Optimistic Signals from the Altcoin Market Cap
Further analysis by pseudonymous analyst El_crypto_prof on July 13 has added to the growing optimism surrounding altcoins. His insights reveal that the TOTAL3 index, which tracks the altcoin market cap excluding Bitcoin and Ethereum, is indicating a bullish trend. The weekly MACD has crossed into bullish territory, a move frequently associated with the onset of robust altcoin rallies.
His examination reveals the market’s breakout from a descending broadening wedge, a configuration known for its bullish implications. A similar breakout observed in November 2024 led to a substantial altcoin rally, and the current scenario in July 2025 seems to replicate that pattern.
Conclusion
The altcoin market is on the brink of a potential surge, driven by technical indicators and market dynamics. With Ethereum at the forefront of this anticipated rally, investors and traders are advised to stay informed and prepare for the inherent volatility that the cryptocurrency market often presents.
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