- Altcoin market has returned to the EMA100 support level.
- Ethereum broke below a major multi-year trendline support.
- Traders await confirmation before calling a market bottom.
The altcoin market is once again sitting at a historically significant technical level. According to analyst Moustache, the 100-period exponential moving average (EMA100) on the three-week chart has identified nearly every major altcoin bottom since 2018. Following the 2026 market crash, the altcoin market has returned to that same zone, raising speculation that another long-term bottom could be forming.
Altcoin Market Revisits EMA100 Support Seen in Past Cycles
Historical data shows the EMA100 has played a crucial role during previous downturns. The indicator aligned closely with the 2018 bear market low, the March 2020 pandemic crash, and the 2022 FTX collapse.
Each of those events was followed by sustained recoveries. As a result, many traders view the current altcoin market position as an important area to monitor.
Moustache noted that price is now interacting with the same long-term moving average after the latest correction. While this does not guarantee a reversal, the repeated historical pattern has attracted attention from investors seeking signs of stabilization.
Altcoin Market Outlook Faces Ethereum Trendline Breakdown
While the long-term altcoin market structure offers a potentially constructive signal, Ethereum’s chart presents a more cautious picture. Data shared by Bitcoinsensus shows ETH breaking below a multi-year trendline support.
The recent move back toward that trendline appears to have acted as a retest rather than a successful reclaim. If sellers maintain control, Ethereum could face additional downside pressure in the coming weeks.
ETH recently declined more than 22%, falling toward the $1,560 region. The asset now trades within a major historical demand zone between $1,500 and $1,600.
Momentum indicators remain mixed. The Relative Strength Index is approaching oversold territory, suggesting selling pressure may be slowing. However, the MACD remains bearish and has yet to produce a convincing reversal signal.
Derivatives data also reflects caution. Funding rates have turned negative while open interest has dropped sharply. These conditions often indicate a leverage reset rather than the beginning of a sustainable uptrend.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
