Right now, Ethereum’s sitting around $2,400, but there’s a growing chorus of voices saying this is just the calm before the storm. Traders who swear by the Wyckoff method—a bit like reading the market’s mood from the vibes it gives off—say Ether is in what they call a “reaccumulation” phase. In simple terms, it’s like the market’s taking a breather, gathering strength before it kicks off. When that break finally hits, Ethereum could be shooting for around $3,200. But that’s just the start. The Elliott Wave crowd, who look at price movements in waves and cycles, reckon Ether could be in for a ripper run all the way up to $9,000 or even $10,000 this cycle if the stars align.
Image 1: (Source: Investopedia)
Why Altcoins Could Catch the Wave Next
Ethereum pulling a fast one upwards tends to be the spark that lights up the whole altcoin scene. When Ether catches fire, the other coins that aren’t Bitcoin—known as altcoins—often tag along for the ride. This leads to what traders call “altseason,” a bit like when the opening act steals the show and suddenly the crowd’s all eyes on them. It’s the perfect setup for smaller coins to grab the limelight and rake in the dough.
There’s this handy little tool called the Altcoin Season Index that tracks how altcoins are faring against Bitcoin. Right now, it’s sitting comfortably in the “green zone” below 20%, meaning Bitcoin’s been hogging the limelight. But the history books show once that index crosses above 20%, altcoins often run rings around Bitcoin, sometimes climbing all the way to 80%. It’s like a powder keg ready to blow, and with Ethereum’s engines firing up, that fuse might just be lit.
An overlooked metric.$ETH dominance (M)
Yes this is why I’m bullish for the next year on #Alts. pic.twitter.com/vzK6CO051P— sixtysecondalpha (@onehellofarun) June 26, 2025
The Tale of Bitcoin Dominance
Bitcoin dominance shows how much of the entire crypto market Bitcoin owns. At the moment, it’s around 65.8%, meaning Bitcoin still holds the lion’s share of the pot. But analysts have noticed a pattern: when Bitcoin’s dominance climbs above 70% and then starts to slide, it usually signals altseason’s about to kick off.
Think of it as investors stashing cash in Bitcoin while the bull’s running, then when Bitcoin slows down, they pivot and throw their money at altcoins. The result? A tidal wave of cash floods into smaller tokens poised for a big breakout.
Voices from the Market’s Front Line
Mikybull, a well-known crypto commentator, says Ethereum looks like it’s left the testing ground behind and is gearing up for a “big rally,” possibly hitting $3,200 in the near term.
Over on X, ForceGlobal calls the recent bump to $2,800 “objectively bullish” and predicts Ethereum could blast off to about US$9,400, maybe even touch $10,000 before this cycle wraps up.
Joao Wedson, who heads up Alphractal and tracks the Altcoin Season Index closely, reckons it’s “time to buy.” He points out that Bitcoin’s recent strong performance could open the gates for investors to stock up on altcoins that haven’t caught up yet.
Image 2: (Source: Reuters)
Analyst Rekt Capital adds an important piece to the puzzle, watching Bitcoin dominance hover just 5.5% shy of 71% — a level last seen in January 2021. History says once it hits that mark and then falls back, altseason tends to follow within one or two months.
And then there’s The Chart Degen, an anonymous but respected voice, who called on June 27 for a dip in Bitcoin dominance soon. His takeaway? Pick your altcoins wisely and get ready to “make a disgusting amount of money” over the next few months. No beating around the bush there.
A Word of Warning: Don’t Put All Your Eggs in One Basket
Before you get too carried away, it’s worth keeping your feet on the ground. All these forecasts are based on past market behaviour and educated guesses. Crypto is about as predictable as a roo on the loose—it can turn on a dime. Ethereum might hit that US$10,000 jackpot, or it might run out of puff. The altcoins could skyrocket or fall flat.
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Crypto markets are notoriously wild. News flashes, sudden regulation changes, exchange hiccups, or even a single influential tweet can send prices spinning. So while the current buzz paints a picture of an altcoin gold rush, it’s wise to tread carefully. Don’t go all in and lose your shirt.
Ethereum is flexing its muscles, with a potential path to US$3,200 before aiming even higher at US$9,000–10,000 in this cycle. The Altcoin Season Index alongside Bitcoin dominance suggests the stage might be set for altcoins to shine. Historically, after Ethereum breaks free, investment flows into smaller projects, often leaving Bitcoin in the dust. There’s a chance now to grab some altcoins on the cheap—but remember, with big rewards come big risks.
