Ethereum News Today: Ethereum Leads TOTAL2 Index in Familiar Bull Cycle Pattern

Traders and analysts are identifying a chart pattern in the TOTAL2 index that closely resembles the formations observed during previous bull cycles, with Ethereum (ETH) appearing to lead the charge. This pattern, noted by multiple technical contributors on platforms such as TradingView, mirrors the visual and structural characteristics seen during the 2016–2017 and 2020–2021 cycles, raising expectations for a continuation of bullish momentum in the altcoin space [1].

The similarity between the current TOTAL2 movement and past bull cycles is particularly striking, especially in the way Ethereum is positioned as a front-runner. This has prompted increased activity on trading platforms, where users are sharing trade ideas and technical insights based on these observations. The recurring pattern has led many to believe that the market is entering a phase where altcoins are likely to experience significant price gains [2].

Ethereum’s performance continues to be a focal point for analysts and traders. In recent posts, analysts have highlighted how the blue price line on ETH’s chart is holding well, suggesting that recent dips may have been false signals. This interpretation implies that Ethereum is still on a path toward higher highs, even if short-term volatility persists. The broader expectation is that ETH could break past its previous all-time high before moving toward even higher price levels [1].

The role of Ethereum in these cycles has historically been significant, and its current trajectory appears to follow a familiar playbook. In past cycles, Ethereum has often broken through its own all-time highs before triggering broader altcoin rallies. With the TOTAL2 index showing similar behavior, many believe this could signal the early stages of an upcoming altseason—where a wave of altcoins follows Ethereum’s lead in setting new price records [2].

Despite the optimistic readings from technical charts, analysts caution that the traditional four-year bull cycle may not follow the same pattern this time around. Signs such as Bitcoin hitting an all-time high before the halving event and the delayed onset of the altseason in the first quarter following the halving suggest the market is evolving. Additionally, growing institutional interest in both Bitcoin and Ethereum could further disrupt historical patterns [1].

Nevertheless, the current alignment of price movements in the TOTAL2 index, combined with Ethereum’s strong showing, has reinforced the belief that a new bull cycle is either underway or on the horizon. Investors are advised to monitor upcoming price actions and broader market sentiment to confirm whether this pattern will hold. For now, the similarities to past bull cycles are being treated as a bullish signal by many market participants [2].

Source:

[1] Page 7 | ETHUSD Futures Contract Trade Ideas (https://www.tradingview.com/symbols/HTX-ETHUSD1!/ideas/page-7/?contract=ETHUSD08Q2025&sort=recent)

[2] Page 6 | COINBASE GLOBAL INC Trade Ideas — BER:1QZ (https://www.tradingview.com/symbols/BER-1QZ/ideas//page-6/)