- Mikybull Crypto’s chart signals a breakout and MA retest for ETH/BTC, hinting at an altseason.
- Community analysts support the pattern as a precursor to altcoin dominance.
- Bitcoin’s trajectory remains a critical factor in confirming the rally.
Ethereum Breakout Fuels Altseason Speculation
The cryptocurrency market is buzzing with excitement as Mikybull Crypto, a prominent analyst, recently posted a compelling chart on X that suggests an impending altseason. Shared on October 5, 2025, the TradingView chart highlights a breakout and retest of the moving average (MA) for the Ethereum/Bitcoin (ETH/BTC) pair on the 1-minute Binance timeframe. With Ethereum currently trading at 0.03692 BTC, the chart shows a classic MA retest pattern, a technical signal often preceding a shift of capital toward altcoins. This development has sparked widespread optimism among traders, with many interpreting it as a potential trigger for an altcoin rally.
Bitcoin’s Role Remains Crucial for Confirmation
The chart’s orange markers indicate key breakout points, supported by a successful retest of the MA, a pattern historically associated with trend continuations. Mikybull Crypto’s assertion that “Altseason is guaranteed” and that “BTC has not topped yet” has fueled the narrative, drawing responses from the community. Analysts like The Encrypted Oracle and Venosh Lynn have echoed this sentiment, noting that such MA retest patterns often precede significant altcoin dominance. However, the crypto market remains volatile, and traders are cautioned to monitor Bitcoin’s performance closely, given its historical influence on altcoin movements.
The market watches this signal unfold, the coming days could determine whether altcoins like Ethereum lead a broader rally. With the current price action aligning with past altseason precursors, investors are gearing up for potential gains. Stay tuned for more updates as this story develops.
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.
