NAIROBI (CoinChapter.com)—Analysts believe that Ethereum (ETH) could experience a threefold increase in price during the next altseason, citing shifting market trends and historical patterns as potential catalysts. This projected growth reflects Ethereum’s established position in the crypto ecosystem and the changing liquidity dynamics across altcoins.
Bitcoin Takes a Backseat as Altcoins Show Strength
Bitcoin’s dominance (BTC.D) is showing signs of slowing down after leading the market for several months. Analysts argue that this trend creates an opportunity for altcoins like Ethereum to attract new capital. Crypto analyst Symbiote believes that Ethereum’s recent price stability, as well as its role in decentralized finance (DeFi) and non-fungible tokens (NFTs), position it favorably for growth.
“Altcoins are showing strength while Bitcoin has been moving sideways,” Symbiote stated, adding that Ethereum and other high-cap altcoins are starting to gain momentum. Historical trends support this outlook, as altcoin rallies often follow periods of dominance by Bitcoin.
The Ethereum-to-Bitcoin (ETH/BTC) ratio, which is currently at historic lows, could indicate a turning point. A rising ratio typically indicates that Ethereum is outperforming Bitcoin, a trend that many expect to see during the altseason.
Ethereum (ETH) Poised to Lead, But Competition Looms
Symbiote also noted that Ethereum (ETH) could potentially deliver 2-3X gains during the altseason, making it a safer option for traders compared to smaller, high-risk projects.
However, Ki Young Ju, the CEO of CryptoQuant, cautioned that the current Bitcoin rally is largely fueled by institutional capital through exchange-traded funds (ETFs), which may not flow directly into altcoins.
“These institutional investors and ETF buyers have no intention of rotating their assets from Bitcoin to altcoins,” Ju stated. He added that altcoins, including Ethereum, need independent strategies to attract capital rather than relying solely on Bitcoin’s momentum.
The increasing interest in Ethereum-based DeFi and NFT projects suggests a renewed interest in the ecosystem. Market observer Crypto Feras noted that altseasons historically occur in the later stages of Bitcoin’s rallies, creating a lag effect.
Ethereum (ETH) remains strong in trending narratives such as real-world assets (RWA) and decentralized finance (DeFi), which continue to attract interest from both retail and institutional investors. Symbiote suggests that these sectors will play a key role in boosting Ethereum’s appeal during the upcoming altseason.
As the altseason approaches, Ethereum’s ability to achieve its projected 3X growth will depend on its ability to attract fresh liquidity and maintain relevance in a competitive market.