- Altcoin MCap monthly MACD flipped bullish for the first time in 19 months.
- At the same time, ETH breaks out of a box, beating a crucial resistance line.
- Analysts wait to see if ETH can hold this breakout.
The crypto community continues to remain in a strong bullish state as the prices of BTC and ETH trade in the $86,000 and $2,700 price ranges respectively. At the moment, analysts are debating the possibility of a short correction that will bring these assets to slightly lower prices. However, the fact that the altcoin MCap monthly MACD flipped bullish for the first time in 19 months as ETH breaks out of box, signals a possible bullish altseason ahead.
Altcoin MCap Monthly MACD Flipped Bullish for the First Time in 19 Months
Expectations for a bullish altseason to arrive continues to grow stronger as ETH breaks past the $2,700 price range once again. At the moment, some analysts believe a price correction phase will occur that will push the price of BTC to as low as the $79,000 price range before $90,000 prices can be reached. However, for altcoins, most believe they could go on to outperform BTC bringing the highly anticipated altseason into play soon.
As we can see from the post above, this reputed crypto analyst goes on to shine a light on the fact that the altcoin price chart has just flashed a very bullish signal. To highlight, the chart goes on to show that on the altcoin MCap monthly chart, it is very clear that the MACD has flipped bullish for the first time in 19 months. What’s more, the post confirms that the last 2 times this happened, most altcoins went on to pump non-stop for the next few months.
ETH Breaks Out of Box
If the after-effects of this pattern plays out as it did before, then perhaps the first 2 months of Q4 of 2026 will see a rapid rise in altcoin prices. This is an interesting expectation as many financial experts believe that the final 2 months of the year will lead to a price bottom, making it a good time to accumulate. In contrast, those analysts that have confirmed that the bull market has begun, believe that bottom prices have already been set.
As the crypto community prepare to enter the phase after the start of the bull cycle, anticipation is high with the hope for BTC to reclaim the $90,000 price range and re-enter its 6-digit price phase once again. So far, many are certain that new ATHs will be set, not only by BTC but by many promising altcoin assets as well.
As we can see from the post above, sentiments are high at the moment as the price of ETH broke out of the box overnight. A full day capped at $2,708, then one hourly candle on 9x normal volume punched through it and tagged $2,739. It gave the whole move back before London opened and is sitting at $2,704, right back under the breakout level. Thus, the post concludes that $2,708 is the one that decides it. As long as $2,690 holds, a retest of $2,739 could happen again, but losing it means $2,672 is the liquidity below.
