Ethereum Breakout Could Ignite Major Altcoin Rally, Analyst Predicts

Renowned crypto analyst Rekt Capital has shared insights on the future of altcoins, suggesting they could experience significant growth once Ethereum (ETH) takes a decisive move.

With a focus on Ethereum’s recent performance, the strategist emphasized how a strong breakout could fuel the next altcoin surge.

According to the analyst, Ethereum is nearing a critical threshold around $3,700, and a solid weekly close above this resistance could mark the end of its current downtrend and spark a bullish phase.

In a recent update, they highlighted that Ethereum’s price has successfully crossed the $3,700 mark, showing potential for a continued rally.

Late last month, Rekt Capital predicted that once Ethereum surpassed the $3,100 level, it would initiate a cycle of capital rotation – starting from Bitcoin , moving to Ethereum, and then trickling into mid-cap and smaller altcoins.

This pattern, if it unfolds, could set the stage for widespread gains across the altcoin market.