Economist Henrik Zeberg has predicted a surge across altcoins in the coming week, citing technical patterns that point to a bullish momentum.
It’s worth noting that the cryptocurrency market has been anticipating an altcoin season following sustained Bitcoin (BTC) dominance, which culminated in the maiden digital currency trading at a high of $118,000.
Zeberg based his projection on the development of “wave III of wave 3 of wave C” in most altcoins, he said in an X post on July 12.
The waves reference Elliott Wave Theory, which traders use to analyze market psychology and price trends. In this framework, Wave 3 is typically the strongest, with Wave iii representing an especially powerful sub-phase of acceleration.
Ethereum to lead altcoin rally
He also noted that Ethereum (ETH) is already showing the expected breakout and is likely to lead the broader altcoin rally. This behavior is typical of altcoin seasons, when capital rotates out of Bitcoin into smaller cryptocurrencies, amplifying gains across the market.
To this end, the expert expects Ethereum to rise further before a summer lull, a period when crypto trading often slows. However, he warned that the rally could be followed by a sharp pullback later in the season, suggesting traders should prepare for significant volatility.
At press time, the second-ranked cryptocurrency by market capitalization was trading at $2,955, down 0.6% in the last 24 hours. In the past week, ETH has rallied 17%.
Meanwhile, cryptocurrency trading expert Michaël van de Poppe observed in a July 12 X post that Bitcoin dominance is weakening, with a clear bearish divergence emerging. Historically, such patterns have signaled short-term reversals and triggered rallies in altcoins.
Key support around 54% to 55% is now in focus, and a confirmed drop below this level could drive a rotation into altcoins over the next one to two weeks, as traders seek higher returns outside of Bitcoin.
Altcoin market cap flashing bullish signals
Additionally, pseudonymous analyst El_crypto_prof, in an X post on July 13, highlighted growing altcoin optimism, noting that the TOTAL3 index (which tracks the altcoin market cap excluding Bitcoin and Ethereum) is flashing a bullish signal. In this case, the weekly MACD has made a bullish cross, a move that has historically marked the start of strong altcoin rallies.
His analysis indicates that the market is breaking out of a descending broadening wedge, a bullish pattern. A similar breakout in November 2024 led to a powerful altcoin rally, and the current setup in July 2025 appears to mirror that move.
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