Ethereum Poised for $4,100 Breakout as Altseason Looms

Ethereum is sending a clear signal that altseason could be around the corner. The world’s second-largest crypto has reclaimed a major technical level on the Gaussian Channel, historically linked to explosive rallies. As ETH eyes a $4,100 breakout, the altcoin market could also soar toward a staggering $15 trillion valuation. But is this run sustainable, or could a fragile support zone trigger a reversal?

ETH Price Could Double, Altseason May Follow

Ethereum has climbed back above the mid-line of its two-week Gaussian Channel, currently around $2,600. This band, based on moving averages, has been a reliable indicator of long-term momentum shifts.

In past cycles:

• ETH surged from $400 to over $4,800 after reclaiming this level in 2020.
• A similar move in late 2023 saw ETH rally from under $1,500 to nearly $4,000.

Now, the upper band of the Gaussian Channel sits near $3,200, marking the next major resistance. If ETH breaks above this, the previous cycle high of $4,100 comes into focus—possibly as soon as July.

Altseason Could Be Next

Market analyst Moustache points out that ETH’s breakout often precedes altcoin rallies. After ETH crossed the Gaussian midline in July 2020, the altcoin market cap surged by 1,400% in a year. A similar breakout in late 2023 saw a 200% altcoin market rally.

Bitcoin’s post-halving behavior could reinforce this trend. In past cycles, Bitcoin dominance fell sharply around 400 days after a halving event, sparking major altcoin runs. With the April 2024 halving now over, a similar decline could unfold within the next 100 days. Some analysts predict the altcoin market cap could skyrocket toward $15 trillion if the pattern holds.

ETH Holders Face a Fragile Support Zone

Despite the bullish setup, Ethereum’s support remains fragile. Around $123 billion worth of ETH is held between $2,300 and $2,500. If ETH slips back below this range, many holders could find themselves at a loss—potentially triggering panic selling.

This risk is a reminder that while ETH is showing technical strength, the foundation isn’t unshakable. Bulls need to push the price well above this cost basis to build a stronger floor for continued growth.

Final Thoughts: Ethereum and the Path to $4,100

Ethereum’s rally above the Gaussian Channel midline signals a potential repeat of past altseason patterns. If the fractal holds, ETH could push toward $4,100, and the broader altcoin market might follow with exponential gains. However, fragile support and profit-taking risks remain.

For traders, watching the $3,200 level is crucial—this is where momentum could truly ignite. Meanwhile, altcoin investors should keep an eye on Bitcoin dominance and the altcoin market cap as leading indicators for the next wave.