According to the presented analysis, Ethereum’s ability to effectively hold above the $4,000 price barrier is the first important developing situation for the altseason. Being the largest altcoin with a market cap of $424.48 billion, a successful breakout beyond this familiar price ceiling would encourage a rally by lower-cap alts to potentially initiate an altseason. Meanwhile, PlanD also draws attention to the USDT Dominance chart, which has just registered the breakout of a bearish flag. While there is potential to retest the breakout point at 4.71%, the analyst tells investors to monitor a potential fall to 3.81% which aligns with the breakout of a 1.5-year descending triangle and 3.21% i.e., the price target of the bearish flag. In particular, PlanD states a fall in USDT Dominance to 3.21% which suggests significant rotation of capital to other volatile assets is the “strongest signal” for an altcoin rally.
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