Ethereum News Today: Altcoin Bull Market Begins as TOTAL2 Price Chart Reclaims 8-Year Trendline

Generated by AI AgentCoin World
Monday, Jul 21, 2025 4:28 am ET1min read
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Aime RobotAime Summary

- Analysts confirm altcoin bull market as TOTAL2 chart nears 8-year trendline reclamation, signaling potential price surges.

- Crypto market cap hits $4 trillion while Bitcoin targets $123,000-$130,000, reinforcing broader bullish momentum.

- Ethereum rebounds above $3,800 with $20,000 forecasts, outpacing Bitcoin amid strong RSI and market cap gains.

- Bitcoin dominance below 65% and seasonal altcoin strength in H2 position market for unprecedented altcoin gains.

Analysts have confirmed the start of an altcoin bull market, with several indicators pointing to a significant price surge in the coming weeks. One key indicator is the TOTAL2 price chart, which is preparing to reclaim an 8-year trendline. This development, along with other bullish signals, suggests that altcoins are poised for substantial gains.

The total crypto market capitalization recently hit a new all-time high, exceeding $4 trillion, although this milestone received little attention. Additionally,

Bitcoin
(BTC) has been setting consecutive new all-time highs, with its latest bull target set at $123,000 and another potential target at $130,000. These movements indicate a broader bullish trend in the crypto market.

Ethereum (ETH), the pioneer altcoin, is also showing strong bullish indicators. ETH has recently reclaimed the $3,800 price range and is preparing to retake the $4,000 range. Analysts are predicting that ETH could reach as high as $20,000 during this bull cycle, outperforming BTC. This optimism is fueled by ETH's steady price increases and its potential to set new all-time highs.

Another reputed analyst highlighted several bullish signals, including the total crypto market cap hitting a new record and the weekly Relative Strength Index (RSI) breaking its downtrend, confirming that momentum has returned. This analyst suggests that the crypto market has entered a new phase, with significant bullish movements expected ahead.

Furthermore, another analyst confirmed the start of the altcoin bull market by noting a strong bearish divergence in Bitcoin dominance, which has broken south of 65%. This analyst also mentioned that the second half of the year is traditionally the best period for altcoins to pump and set new all-time highs, making it an opportune time to maximize returns.

One of the most significant indicators is the TOTAL2 price chart, which represents the price of all crypto assets excluding BTC. This chart is about to reclaim an 8-year trendline, a development that could spark a massive bullish turn for ETH and other altcoins. If the 2-week candle closes above this trendline, the gains could be unprecedented, further confirming the bullish outlook for altcoins.