Mike Smith
December 1
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Popular crypto analyst Rekt Capital highlighted in his latest review that Ethereum technical indicators are signaling the possibility of significant growth. The video with the symbolic title "Next Months Will Change Your Life" focuses on key resistance levels and the prospects of the largest altcoin.
On the weekly chart, the ETH/USD pair faces a resistance level in the region of $3,650. If the price consolidates above this mark, there will be potential to reach $4,000 - an important psychological barrier. Further strengthening above $4,000, accompanied by a retest of the level as support, can open the way to historical highs around $4,500. If successful, Ethereum can trigger a rally that will take the asset to new heights.
The expected growth of Ethereum can become a catalyst for the influx of capital into altcoins. The total capitalization of altcoins is already showing positive dynamics, breaking through macrostructural limitations. The level of $315 billion is a key barrier: a successful retest of this value can push the capitalization to the $425 billion mark. Even with a probable rollback to $250 billion, the market retains the potential for recovery and further growth.
Each new market cycle demonstrates an update of historical highs for altcoins. In 2015, their capitalization was about $50 billion, in 2017 the market reached significantly higher values, and by 2021 the total volume exceeded $500 billion. Comparison shows that capitalization increased almost 10 times per cycle. Despite the decline in profitability in the current cycle, analysts predict a possible level of about $1 trillion.
Stabilization above the key mark of $315 billion indicates a decrease in the resistance force. If the positive dynamics continue, this could become the starting point for a new round of growth that will cover the entire altcoin market, attracting even more participants and capital.
