Ethereum and altcoins signal a full-blown rally in August... "80% of market gains occur at the end of the market."

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Although the cryptocurrency market has entered a temporary adjustment phase, major analysts emphasize that this point could be a precursor to an altcoin bull run. In particular, the interpretation that altcoins centered around Ethereum (ETH) are entering the final phase of an upward trend is drawing investors' attention.

Crypto analyst Miles Deutscher forecast that a stronger bull run could arrive after the recent correction. He stated, "Historically, 80% of profits occur within the last 20% of the entire cycle," analyzing that the current cryptocurrency market has entered that range. While Bitcoin (BTC) has already risen from $16,000 to over $120,000, Ethereum is still breaking out of its stagnation period.

Deutscher believes that if Ethereum rises towards $4,000 and Bitcoin breaks through $140,000-$160,000, ETH could rise to $6,000-$8,000. If expectations for Ethereum lead the way, capital flows will naturally spread to smaller altcoins, ushering in a true altcoin season.

For altcoin strategy, Deutscher advised selecting strong performers based on ETH pair rather than dollar-denominated prices. The sectors he particularly noted include: Ethereum ecosystem tokens like ENA and Fluid, Solana (SOL) and Sui (SUI) based projects, meme coins like BONK, and typical hype tokens such as SPX and USELESS reflective tokens. These coins have already recorded excess returns compared to Ethereum, indicating a shift in capital.

Meanwhile, crypto analyst Philip Zion focused on the month of August. Recalling that the explosive altcoin bull run in 2021 started in August, he emphasized, "Every major altcoin season started in August." He noted that some low-cap coins saw 200-250x returns and diagnosed that the current market is beginning to show similar patterns. He stressed that now is a critical timing to review investment strategies and adjust altcoin portfolios.

With the potential for capital movement after Bitcoin-centered growth, Ethereum's rising catalysts, and attention to undervalued small altcoins, expectations are growing that a full-fledged altcoin boom could arrive starting in August. What investors should focus on is not just the trend, but 'proactive entry' within this flow.

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#Ethereum#Bitcoin#Altcoins#CryptoAnalysis#MarketOutlook#AltcoinSeason

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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