8-Year Ethereum Convergence Says Altcoin Season Stronger Than 2021 Is Coming
A crypto analyst has identified an eight-year confluence pattern on the Ethereum (ETH)-Bitcoin (BTC) trading chart, suggesting it could signal the long-awaited start of the altcoin season. Although rumors of an altcoin era have spread in the crypto space since before 2025, such a stage has not yet arrived, we insist on persistence. volatility of other cryptocurrencies throughout this bull market. Despite the long delay, the analyst says the new merger framework could be a catalyst. altcoin season stronger than that seen in 2021.
Ethereum Chart Structure Signals A Strong Altcoin Season
Crypto CW Analyst has it was introduced new technical analysis that suggests a big altcoin season this cycle. Supported by a multi-year chart structure, the analysis focuses on ETH/BTC trading pair and reveals a unique convergence pattern that has been developing since mid-2017.
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In his book on X, CW predicts that this convergence pattern may break in time current bull market cycle. The structure appears on the weekly chart as large descending triangle or the wedge that started when ETH/BTC peaked at around 0.16. From that high, the pair was squeezing between the descending resistance line and the flat horizontal support level near the 0.020 level.
The price action on the chart shows that ETH/BTC has reached this peak in the middle 2021 bull market but failed to break the upper descending line of the trending pattern. Following this, the pair dropped sharply and continued its downward trend, now pressing the top of the confluence pattern near the 0.029 level.
This suggests that ETH/BTC is approaching its final phase near the top of the descending triangle pattern. The narrowed distance between resistance and support suggests that the market may be in a bearish position. The CW suggests that an exit from this point could end an eight-year squeeze for traders amid a converging pattern. If this happens, it could signal a major shift in power from BTC to ETH, and ultimately to the broader altcoin market, marking the possible start of the altcoin season in 2026.
2026 Altcoin Season Passing 2021 Boom
CW emphasized in his post that the altcoin season he expects in this bull cycle could exceed the strength of the 2021 cycle, mirroring the explosive level of the 2017 cycle. He pointed out that many investors underestimate how powerful they are 2017 bull run it was to note that it brought wider, more aggressive gains to the entire altcoin market than the most selective meeting in 2021.
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In previous analysis, CW shared a separate chart from CryptoQuant, which adds more weight to his outlook for the 2026 altcoin season. The chart, which tracks CEX’s average volume of non-BTC assets versus Bitcoin, excluding stablecoins, compares the current market setup 2021 altcoin season.
In both periods, the altcoin trading activity on the central exchange has been higher than the Bitcoin volume. However, CW notes that the project has been running for much longer in 2026 than in 2021. He believes that this continued volume, coupled with a possible breakout of the current ETH/BTC convergence pattern, strengthens the case for a strong altcoin season in 2026.
Featured image from Freepik, chart from Tradingview.com
