PANews reported on May 31 that according to Cointelegraph, ETH/BTC is forming multiple bullish technical patterns, and analysts believe that this may trigger a new round of "altcoin season" in 2025. Technically, the ETH/BTC ratio shows both a cup-handle pattern and a bull flag pattern. The cup-handle pattern shows a possible breakthrough of the 0.02596 BTC neckline, with a technical target close to 0.03814 BTC, suggesting a possible increase of 55% by July. The bull flag pattern indicates a possible breakthrough to 0.03235 BTC, about 30% higher than the current level. Analyst Trader Tardigrade said that the breakthrough of ETH/BTC could trigger the 2025 altcoin season.

Data presented by analyst Sensei shows that the market value of altcoins relative to Bitcoin is retesting the long-term rising support trend line. Historically, each rebound from this level has heralded a massive rise in altcoins, one leading to a 9,000% increase and another triggering a 180,000% market value explosion. Analyst Moustache pointed out that altcoins are breaking through the seven-year descending wedge, a pattern that appeared before the big rises in 2017 and 2020, suggesting that a new round of altcoin season may be coming.