Geoffrey Mugambi
4 min readJan 12, 2025

ETH and Altseason Momentum Build: Historical Patterns, Bullish Pennant, and Q1 Surge Signal Potential Rally.

Source:@iStock
  • ETH Historical Patterns Signal Potential for Massive Surge Amid Channel Consolidations and Retests.
  • Altseason Looms as Crypto Market Cap Excluding BTC/ETH Prepares Bullish Pennant Breakout.
  • ETH Q1 Parabolic Surge Begins: Up 10%, Reflecting Historical Trends and Repeating Patterns.

ETH and Altseason Gains Align: Bullish Patterns, Pennant Breakouts, and Q1 Surge Indicate Strong Growth Potential.

ETH’s historical price movements showcased consistent patterns of consolidations, breakouts, and retests, signaling potential for a significant rally. The chart depicted Ethereum forming a clear bullish channel consolidation between $1,000 and $2,000 during 2024. This followed a converging base seen in late 2023, which provided strong support for upward movement.

Past peaks, such as the 2021 rally to $4,800, demonstrated Ethereum’s ability to surge after breaking consolidation zones. Retests of prior resistance levels, such as $3,000 in 2021, historically transformed into support, fueling subsequent parabolic rallies. The repeating channel formation visible in the current pattern indicated a similar possibility for Ethereum to target higher price levels.

The upward trajectory predicted on the chart extended towards $6,500, aligning with the blue upward trendline established since 2018. While Ethereum consolidated near $3,500 in 2024, historical data suggested it could retest this channel and rally further. If the retest succeeds, ETH could mirror its 2021 performance, breaking past consolidation and initiating a massive surge.

Source:@Tradingview

Overall, Ethereum’s consistent historical patterns strongly suggested bullish potential, pending successful support retests and breakout confirmation above the $4,000 level.

Altseason Looms as Crypto Market Cap Excluding BTC/ETH Prepares Bullish Pennant Breakout.

The chart highlighted the total crypto market cap excluding BTC and ETH forming a clear bullish pennant pattern. The market cap consolidated within a symmetrical triangle between $900 billion and $1.1 trillion. This consolidation followed a strong rally from $450 billion to $1.1 trillion earlier in 2024.

Historically, bullish pennant patterns often preceded significant breakouts, and the market cap’s steady consolidation suggested potential for a continuation move. The upper trendline resistance hovered near $1.1 trillion, while the lower support held firmly around $900 billion. Price movement within the triangle showed tightening ranges, signaling reduced volatility ahead of a possible breakout.

Source:@Tradingview

If the bullish pennant resolved upward, the projected target would extend toward $1.5 trillion. This would represent a 50% gain from current levels. Historical patterns indicated such breakouts could trigger broader altseason rallies, boosting non-BTC/ETH cryptocurrencies.

However, failure to break above $1.1 trillion could result in a retest of lower supports. The consolidation pattern’s resolution would determine whether altseason unfolds or further consolidation occurs. As the market cap approached the apex, a breakout appeared increasingly likely.

ETH Q1 Parabolic Surge Begins: Up 10%, Reflecting Historical Trends and Repeating Patterns.

Ethereum’s chart highlighted a 9.83% gain in January 2025, signaling a potential Q1 parabolic surge as seen historically. Similar patterns were observed in 2021 and 2017, where strong Q1 performances preceded significant annual gains. In 2021, ETH surged 78.51% in January, while in 2017, it gained 31.92% during the same period.

The table indicated that Q1 returns often exceeded other quarters. Historical data revealed that ETH frequently established bullish momentum early in the year. For example, in 2021, ETH maintained consistent growth into April, achieving a 44.29% gain. The 2025 trend appeared to reflect these historical movements, with the potential to continue rising.

Should this pattern repeat, ETH could sustain its upward trajectory through Q1. February and March historically delivered mixed results, with gains of 8.41% and 34.74% in 2021 but smaller increases in other years. The current trend suggested ETH could target higher levels if it maintained January’s momentum.

Source:@Bycoinvo

However, broader market conditions and resistance levels would determine whether the rally extended beyond Q1. ETH’s strong January performance underscored its potential for repeating past patterns.

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