Popular crypto analyst Kyledoops on the Crypto Banter YouTube channel altcoin He shared his predictions for the season. The analyst is positive about a potential season boom as a “short squeeze” is happening.
Ethereum Rally Will Trigger Altcoin Season!
Kyledoops, EthereumHe is of the opinion that as long as the coin breaks a key high timeframe key resistance and can hold above $2,000, there could be an opportunity for money to return to altcoins.
According to the analyst, the market is currently going through some capitulations and things are improving as ETH outperforms BTC. The analyst is of the opinion that things getting better could trigger the altcoin season. He emphasized that the market is currently going through a phase of disbelief where most people are caught off guard and do not believe in the potential of the crypto market.
The analyst interprets the path to altcoin season gradually. These tiers consist of Bitcoin season and Ethereum season, moving to large-volume coins and eventually to other altcoins. While Kyle stated that there will be more time for the season, he said that the focus should be on Ethereum right now, as its outstanding performance against Bitcoin could mark the start of the much anticipated season.
KyledoopsAccording to , the phases of the altcoin season include the large-volume coins going parabolic, the mid- and low-volume coins pumping, and a mania phase where everyone gets excited and the market seems unstoppable. However, he continues to warn that these transitional stages take time and that traders should not pre-manage the process.
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