- Altcoins SEI and HYPE show strong bullish indicators.
- Most altcoin price charts show bullish signals and pump patterns.
- Whale accumulation for these popular altcoins further fuels altseason arrival.
With the price of the pioneer altcoin Ethereum (ETH) on the rise again, trading at the $4,500 price range, analysts, traders, and altcoin investors grow more bullish for the long-awaited and highly anticipated altseason peak phase. Presently, altcoin SEI and HYPE show strong bullish indicators via price chart signals and an increase in altcoin accumulation activity from their respective altcoin whales.
Altcoin SEI and HYPE Show Strong Bullish Indicators
The past few weeks have been rough for the crypto market, with both BTC nd ETH prices falling drastically after having just set their latest ATH prices. In detail, the price of BTC set a new ATH at the $124,000 price range, just above its previous ATH in the $123,000 price range. In just 10 days, the price of ETH went on to set a new ATH price in the $4,900 price range, marking its first ATH price this bull cycle.
The price of ETH took over two quarters this year to break past its previous ATH price set in the $4,800 range during the last bull cycle. What’s more, ETH only bottomed in Q1 after a brutal correction phase, and steadily gained higher ATH prices, all while fighting allegations that altseason was missed this bull cycle. Now, at the end of Q3, ETH is struggling once again to reenter its discovery phase.
Altcoins Remain Strong
Adding on to the negative sentiment is the fact that historically, most of September has always been a bearish red month , meaning this month could lead to assets closing in red, hinting at possible dips ahead. If this is true, then altseason peak and new ATH prices for Ethereum and altcoin may only occur in Q4 after the September correction plays out. According to analysts, the price of BTC will fall to $90,000 while ETH will fall to $3,500.
Despite these negative sentiments, the prices of several altcoins are showing strong bullish indicators, matching the bullish pump indicators on the ETH price chart. This points to a possibility that altcoins will remain steady even if a correction might come through this month. As we can see from the posy above, SEI is one such bullish altcoin showing steady pump signals. According to this analyst, SEI is looking bullish against BTC and will reclaim higher targets between $0.50 and $0.70, higher than its current trading price of $0.33.
Meanwhile, another popular altcoin, Hyperliquid (HYPE) , has been gaining a lot of attention as well this bull cycle. As we can see from the post above, major whales continue to accumulate HYPE at an unprecedented level. To highlight, one whale bought 86,322 HYPE worth $4.88M and 466.68 million PUMP worth $2.74 million, while another wallet deposited 4.58 million USDC into Hyperliquid to buy more HYPE. Showing promise for the future prices of these assets.
