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The monthly MACD of the total market value of altcoins turned positive for the first time, showing b

2026-10-06 00:13:53
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The MACD of altcoin market value increased for the first time in the month, and ETH broke through key resistance levels

As Bitcoin (BTC) and Ethereum (ETH) prices stabilized in the US$86,000 and US$2,700 respectively, the crypto community continues to maintain strong bullish sentiment. Although analysts are discussing the possibility of a possible short-term correction that may lead to a slight decline in asset prices, a key signal suggests that the monthly MACD indicator of altcoin market value has turned bullish for the first time in 19 months, and ETH has successfully broken through the box-consolidation pattern and overcome important resistance lines. This indicates that a potential "altcoin season" may be about to begin.

The monthly MACD value of altcoins has historically increased

As ETH once again breaks through the US$2,700 price range, the market is increasingly expecting a bull market for altcoins. Currently, some analysts believe that the market may go through a round of price correction, pushing the price of BTC down to the US$79,000 range before it can hit the US$90,000 high again. However, for altcoins, most views believe that they are expected to outperform BTC, thus promoting the much-awaited "altcoin season" to arrive soon.

According to well-known crypto analysts, the altcoin price chart has just released an extremely strong bullish signal. Specifically, the monthly chart of the market value of altcoins clearly shows that the MACD indicator has turned bullish for the first time in 19 months. What is even more noteworthy is that historical data shows that when similar situations occurred twice before, most altcoins experienced continued rising prices in the following months.

If the historical effects of this pattern repeat themselves, the first two months of the fourth quarter of 2026 may witness a rapid surge in altcoin prices. That's an interesting expectation because many financial experts believe that the last two months of the year tend to lead to prices bottoming out and are good times to accumulate assets. In contrast, analysts who confirmed that the bull market had begun believed that a floor had been established.

ETH breaks through box consolidation

As the crypto community prepares to enter the subsequent stages of the bull market cycle, market expectations are high, and we hope that BTC can regain the US$90,000 range and once again enter the six-digit price era. As of now, many people are convinced that not only BTC, but also many potential altcoin assets will hit new record highs.

In terms of sentiments, the current market sentiment is high because ETH broke through the box limit overnight. After the day's high hit $2,708, a hourly K-line with a volume of 9 times normal quickly penetrated the level and hit $2,739. However, before the London market opened, the price fell back and is currently holding at US$2,704, just below the breakthrough level. Therefore, the analysis pointed out that $2,708 is the key decision point. As long as the US$2,690 support is effective, the price may test US$2,739 again; if it fails, the liquidity target below points to US$2,672.

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