ETH Price Could Lead Altseason in January 2025 as Altcoins Complete Bullish Golden Cross Pattern
The crypto market has been stuck in a stagnant state for quite some time, with Bitcoin (BTC) failing to break its all-time high. However, it seems that the tide may be about to turn as altcoins have just completed a bullish golden cross pattern.
ETH Could Lead the Charge
In an unprecedented move, Ethereum’s price is expected to lead the upcoming altseason in January 2025. As seen from historical data, the asset has always followed an upward trajectory during the first four months of each new year following US elections and Bitcoin halving years. This trend is likely to continue as we step into a brand-new year.
ETH Pump Could Trigger Altcoin Bull Run
It’s essential to understand that ETH’s price increase will directly impact other altcoins. Once ETH sets its new ATH (all-time high), the entire altcoin market could be propelled into an upward trajectory. It may not happen immediately, but it is crucial to remember this correlation.
Recent observations from various altcoins indicate that they have already set new highs. As a result, we can anticipate more ATHs will follow once ETH sets its own new high in January 2024.
Source: cryptonewsland.com