Ethereum’s Coiling Signal Fuels Optimism for Altcoin Rally

Crypto analyst Dan Gambardello suggests that Ethereum’s recent price action hints at a potential breakout, setting the stage for a bullish run in the altcoin market. He points to years of accumulation and capital redistribution after the previous bull cycle as contributing factors to this development. His analysis, based on Ethereum’s monthly chart, demonstrates how investor behavior has shifted through various phases, paralleling broader market trends that remained largely stagnant. This observation aligns with a bullish sentiment for altcoins, particularly in light of Bitcoin’s recent all-time high.