- As altseason nears, multiple altcoins show bullish signs led by pioneer altcoin ETH.
- Ethereum (ETH) seems to be showing stronger pump signs since BTC’s latest correction.
- Altcoin Tron (TRX) could pump over 720% to $1.11 and above.
Bitcoin recently pulled back from its sideways range near $73,000, dipping to a higher low of $69,000 where it continues to hold strong. If the pioneer crypto asset can get support here to breakthrough to its previous ATH, new highs may be in sight. With both September and October closing in bullish green, expectations for new highs are highly likely.
Thus, even with this pullback, analysts are optimistic, expecting a strong breakout for Bitcoin in the near future. Projections for BTC in Q4 range from $100,000 to $150,000, with some analysts predicting a peak for this cycle between $220,000 and $320,000. This optimistic outlook has fueled expectations of an approaching altseason.
Ethereum (ETH) Pump Could Lead Altseason
Analyst discussions suggest altseason could kick off in November, potentially extending through March 2025. If BTC hits new highs by late 2024, this momentum may drive a powerful altcoin rally in early 2025. Adding to this bullish sentiment, popular altcoins like SHIB, ADA, DOGE, and XRP are beginning to show strong bullish signals while others like FET, SUI, and JUP have already begun to pump.
Historically, Bitcoin pumps first, followed by Ethereum, and then the rest of the altcoins. Based on the post above, it looks like Ether (ETH) is preparing for a massive pump much like Bitcoin. Analysts expect Bitcoin (BTC) to make its new ATH after which Ethereum will follow and altseason will commence.
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TRX Shows Bullish 720% Pump Indicator
The analyst concludes that with the latest Bitcoin correction, ETH looks more prepared for a bullish pump. Similarly, Tron (TRX) is also showing strong signs or a pump in the near future. As we see from the post above, TRX continues to trot higher unlocking the possibility of a full logarithmic follow-through remains there which can include an additional +720% upside from here to the $1.11 levels!
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