Analysis: The ETH/BTC ratio is forming multiple bullish technical patterns, which may trigger an "altcoin season."

ChainCatcher news, according to Cointelegraph, ETH/BTC is forming multiple bullish technical patterns, and analysts believe this could trigger a new round of "altcoin season" in 2025.

On the technical front, the ETH/BTC ratio is simultaneously showing a cup and handle pattern and a bullish flag pattern. The cup and handle pattern indicates a potential breakout above the 0.02596 BTC neckline, with a technical target near 0.03814 BTC, suggesting a possible increase of 55% by July. Meanwhile, the bullish flag pattern suggests a potential breakout to 0.03235 BTC, about 30% higher than the current level. Analyst Trader Tardigrade stated that a breakout in ETH/BTC could trigger the altcoin season in 2025.

Data presented by analyst Sensei shows that the altcoin market cap relative to Bitcoin is retesting a long-term ascending support trendline. Historically, every rebound from this level has signaled a massive surge in altcoins, with one instance leading to a 9,000% increase and another triggering a 180,000% market cap explosion.

Analyst Moustache also pointed out that altcoins are breaking out of a seven-year descending wedge, a pattern that appeared before significant rallies in 2017 and 2020, suggesting that a new altcoin season may be on the horizon.