Analysis: ETH/BTC is forming multiple bullish technical patterns, which may trigger a new alt season.

PANews May 31 news, according to Cointelegraph, ETH/BTC is forming multiple bullish technical patterns, and analysts believe this could trigger a new round of "alts season" in 2025. Technically, the ETH/BTC ratio is simultaneously showing a cup and handle pattern and a bull flag pattern. The cup and handle pattern indicates a potential breakout above the 0.02596 BTC neckline, with a technical target close to 0.03814 BTC, suggesting a potential rise of 55% by July. Meanwhile, the bull flag pattern suggests a potential breakout to 0.03235 BTC, about 30% higher than the current level. Analyst Trader Tardigrade stated that a breakout in ETH/BTC could trigger the alts season in 2025. Analyst Sensei's displayed data shows that the market cap of alts relative to Bitcoin is retesting the long-term upward support trend line. Historically, each rebound from this level has signaled a massive rise in alts, once leading to a 9,000% rise, and another time triggering a 180,000% market cap explosion. Analyst Moustache points out that alts are breaking out of a seven-year descending wedge, a pattern that appeared before major surges in 2017 and 2020, suggesting a new altcoin season may be on the horizon.