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Altseason on the brink: Can Ethereum hold the crucial $2,600 barrier? – Analyst weighs in

n70products by n70products
February 25, 2025
in Ethereum
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Altseason on the brink: Can Ethereum hold the crucial ,600 barrier? – Analyst weighs in
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Posted: February 25, 2025

  • ETH’s plunged to $2.3K as crypto prolonged losses in February. 
  • Altcoins remained capped amid elevated BTC dominance. 

On twenty fifth February, Ethereum [ETH] plunged additional to $2.3K, cracking beneath the $2.6K threshold, which crypto analyst Ali Martinez projected may ‘cancel altcoin season.’ 

Per Martinez’s analysis, a dip beneath the Ethereum’s long-term ascending channel would sign a break in ETH’s market construction and weigh on the altcoin market. 

“Altseason can be canceled if #Ethereum $ETH fails to carry $2,600!” 

EthereumEthereum

Supply: X

Altcoin season standing

Prior to now 24 hours, the altcoin market shed an additional $160B in market cap after dropping from $1.28 trillion to $1.12 trillion.

Since final December’s peak, the altcoin section has misplaced over $590 billion amid persistent bearish strain. 

EthereumEthereum

Supply: CoinMarketCap

Even the ETH/BTC ratio, one of many indicators of the altcoin momentum utilizing ETH’s efficiency because the barometer, was but to report a decisive backside.

The ratio has dropped 68% to ranges final seen 5 years in the past. 

Ethereum AltseasonEthereum Altseason

Supply: ETH/BTC ratio, TradingView

In contrast to the slight bounce in late 2024, which boosted the November altcoin pump, the indicator has not seen a powerful reduction rally once more in 2025. This might dent altseason expectations. 

Nonetheless, CryptoQuant’s Ki Younger Ju noted that enormous gamers’ addresses with $10K-100K ETH, surged 24% up to now 12 months.

Apart from, with a price foundation of $2,199, ETH’s sustained restoration may rely on value holding above $2.2K. 

That stated, the altcoin season index was at 31, suggesting it was a agency BTC season. 

Ethereum altseasonEthereum altseason

Supply: Blockchain Heart

Apart from, BTC dominance surged over 2% from 60% to 62% over the previous week, which may cap altcoin restoration prospects within the brief time period. 

Surprisingly, some altcoin outliers noticed double-digit features regardless of the general bearish strain. Story [IP], Maker [MKR], Sei [SEI], and Berachain[BERA], had been amongst the highest weekly performers. 

In the meantime, Raydium’s RAY was the worst hit, down 46%, with further strain from Pumpfun launching its automated market maker (AMM) for its graduated tokens. 

Subsequent: BONK could crash 25% as support breaks – Here’s why



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