- Bitcoin price continues its bullish sideways movement.
- In the calm, analysts flock to other potential altcoins.
- Ethereum shows strong signs of setting new ATHs in $8,000 price range.
Bitcoin (BTC) continues on its path of slow sideways movement with its price currently at $104,000 between $101,000 and its latest ATH at $109,114.88. With its current slow movement and steady dips to prices below $106,000, analysts are slowly shifting sights to promising altcoins that could experience an immediate price surge.
Altseason Peak Nears
One of the biggest expectations for Q1 of 2025 is for the arrival of the peak of this cycle’s altseason. So far, every Q1 following a Bitcoin Halving year has led to the arrival of the peak of that cycle’s altseason. The same expectations have unfolded now giving analysts the fire to expect impressive parabolic pumps for altcoins in the coming weeks.
According to many analysts, this peak is expected to be led by the pioneer altcoin asset, Ethereum (ETH). In detail, analysts have noticed that quite a few altcoins have already pumped significantly, some like SUI and ONDO have already set up new ATHs and show signs of hitting greater highs. But, ETH has yet to set a new ATH alongside many other altcoins that have yet to pump.
$8,000 ETH ATH in Sight
$ETH’s next pursuit can be All Time Highs in a >43% surge back to the $4,811.9 to $4,867.81 levels.
After these levels are met, a major extension above could take place, and with targets above $8,000 after ATHs, that can be the trajectory prices are headed for.
Alts can SEND… pic.twitter.com/Q3k4pDC0PF
— JAVON⚡️MARKS (@JavonTM1) January 24, 2025
Thus, analysts expect ETH pump to lead the main parabolic altcoin pump phase. As we can see from the post above, this analyst expects ETH’s next pursuit to lead to a new ATH that could arrive following a 43% pump to hit between $4,811.9 to $4,867.81 levels. He says the next pump will arrive after these levels are met, with targets above $8,000.
