Ethereum and Cardano Lead Altcoin Rally as Bitcoin Dominance Slides
Main Idea
Ethereum and Cardano are leading an altcoin rally as Bitcoin's dominance declines, with analysts predicting a parabolic phase in the 2025 crypto bull cycle.
Key Points
1. Bitcoin reached a new all-time high of $124,128, while Ethereum and Cardano (ADA) surged, with ADA gaining over 16% in 24 hours.
2. The Altcoin Season Index rose to 53, indicating increased demand from traders fearing missing out (FOMO).
3. Crypto analyst Dan Gambardello predicts the parabolic phase of the 2025 bull cycle is imminent, comparing the current Bitcoin dominance drop to pre-2021 altseason patterns.
4. Cardano's price has formed a fractal pattern similar to its 2021 macro bullish breakout, suggesting potential for further gains.
5. On-chain data shows strong demand for Ether, driven by institutional strategy and the anticipation of U.S. spot ETH ETFs.
Description
Bitcoin dominance has dropped below a multi-year support level signaling a notable shift to altcoins. Ethereum price macro breakout has made a similar fractal structure to the 2021 bull run. The next few weeks will be critical for the 2025 altseason amid anticipated Fed rate cuts. Bitcoin tagged a new all-time high of $124,128 on Thursday, and Ethereum is now knocking on the door of its own record. This strength at the top is now fueling a move into altcoins, with Cardano (ADA) exploding over 16...
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