#山寨季何时到来？ alt season prelude: Ethereum may become a market catalyst

Ethereum's strong performance may act as a catalyst for the arrival of the alt season. Historical data shows that when ETH breaks through key technical levels, it often drives the entire altcoin market to strengthen. In July 2020, after ETH broke through a key level, the total market capitalization of altcoins increased by over 1,400%; a similar trend in November 2023 led to a more than 200% increase in altcoin market capitalization within a year.
The market has shown early signs of rotation. Among the top 20 cryptocurrencies by market capitalization, some established first-layer (L1) altcoins have performed outstandingly: Stellar (XLM) saw a weekly increase of 82%, Cardano (ADA) nearly 30%, and XRP 29%. The TOTAL3 chart monitored by analysts indicates that the market is entering the "Banana Zone 2.0", which usually means that a round of explosive breakthroughs is on the horizon.

The turning point of Ethereum
Combining institutional positions, capital flows, and technical analysis, Ethereum is迎来 its key turning point in its development journey. Compared to Bitcoin, Ethereum demonstrates a stronger momentum of institutional inflows, richer application scenarios, and higher growth potential. The dual push of corporate reserve strategies and ETF capital inflows, along with the maturity of the Layer2 ecosystem, supports long-term value.
From a price perspective, after ETH breaks the $3,000 mark, the next key resistance is around $3,200. Once this level is broken, the prediction of reaching $8,000-$10,000 by the end of the year will become feasible. In this cycle after the Bitcoin halving, Ethereum may truly be the market leader.