Ethereum is poised for a significant breakthrough in its price action, approaching the resistance level of 0.039 BTC, a pivotal point that could herald an altcoin season. This move follows Ethereum’s impressive weekly gain of 6.92% despite Bitcoin experiencing a -0.95% decline over the past day. Analysts are closely observing this breakout, seeing parallels with August 2020, when ETH/BTC broke its multi-year downtrend and sparked a broader altcoin season that shifted market dynamics. 0.039 BTC represents a key level in Ethereum’s price history, mirroring a similar scenario from two years ago. Mikybull Crypto, a crypto analyst known for observing historical market cycles, believes the current setup closely resembles August 2020, predicting a potential altcoin season if this breakout sustains. The chart shared by Mikybull Crypto shows how Ethereum’s price movements in the past have correlated with broader altcoin cycles. This latest rally has brought Ethereum to a critical juncture where it could potentially break through the long-held resistance trendline. Market analysts are closely watching for the confirmation of this breakout as traders assess its potential implications for the future of the cryptocurrency market.