Macroeconomist Henrik Seberg announced the resumption of altcoin season after the largest altcoin, Ethereum, broke through the $2,780 resistance.
Additional data on the chart shows more room $ETH growth. Experts believe that following Ethereum’s breakout, altcoins could follow suit and even reach new all-time highs this cycle.
Altseason continues. “Cryptocurrency will hit ATH”: Zeberg
Henrik Seberg is $ETHCoinbase’s /USD chart. It shows a bullish breakout for Ethereum after breaking out of the $2,780 resistance level. The trend line on the chart is also rising, with the RSI at 65 indicating room for further growth.
#$ETH
This movement is just beginning.
The alt season continues. The cipher hits the ATH.
Patience! pic.twitter.com/u1gyBfeebn
— Henrik Zeberg (@HenrikZeberg) March 16, 2026
This chart also shows sustained buying pressure. Zeberg predicts that Ethereum’s rally signals the beginning of a long alt season. He believes that amidst the increase in institutional adoption currently happening, this will drive other cryptocurrency markets to all-time highs.
Ethereum is currently trading at $2,274 per coin.
Ethereum signals end of downtrend
Crypto analyst Ali Martinez is also keeping an eye on the Ethereum breakout. In a recent post on X, he stated that Ethereum is “signaling the end of its downtrend.”
He revealed that the Supertrend indicator switched from sell to buy for the first time since September. Previously, that led to a surge in Ethereum, which rose 52% and 174% last year. Martinez detailed what’s going on “under the hood” here right now.
Ethereum $ETH This marked the end of the downtrend!
For the first time since September, the Supertrend indicator reversed from sell to buy. The last two examples led to moves of 52% and 174%.
What’s happening inside:
• Breakout: Finally got it back… pic.twitter.com/Tygb2GlkdD
— Ali Charts (@alicharts) March 16, 2026
First of all, Ethereum managed to regain support at $2,200 after facing a 39% drop. Second, over the past three weeks, exchange-traded funds have brought in a whopping $83,000. $ETH The value is approximately $193 million. Martinez believes the next price levels to watch are $2,400 and $2,600.
Institutional investors and retail whales are on the rise as Ethereum finally breaks out $ETH Accumulation. One of the prominent figures in the cryptocurrency world who is buying Ethereum is Eric Voorhees, an early adopter of Bitcoin and founder of Shapeshift. Ethereum Foundation continues staking $ETHtoo.
Over the past week, 336,000 Ethereum have been withdrawn from various crypto exchanges, confirming the growing interest in this cryptocurrency.
