A crypto analyst has identified an eight-year convergence pattern on the Ethereum (ETH)-Bitcoin (BTC) trading pair chart, suggesting it could signal the long-awaitedA crypto analyst has identified an eight-year convergence pattern on the Ethereum (ETH)-Bitcoin (BTC) trading pair chart, suggesting it could signal the long-awaited

The 8-Year Ethereum Convergence That Says An Altcoin Season Stronger Than 2021 Is Coming

2026/03/18 06:00
3 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

A crypto analyst has identified an eight-year convergence pattern on the Ethereum (ETH)-Bitcoin (BTC) trading pair chart, suggesting it could signal the long-awaited onset of an altcoin season. Although rumors of an altcoin season have circulated in the crypto space since before 2025, such a phase has yet to materialize, underscoring the persistent volatility in alternative cryptocurrencies throughout this bull market. Despite this prolonged delay, the analyst argues that the new convergence structure could become a catalyst that fuels an altcoin season even more powerful than the one observed in 2021.  

Ethereum Chart Structure Signals Powerful Altcoin Season

Crypto analyst CW has presented a new technical analysis suggesting a major altcoin season in this cycle. Supported by a multi-year chart structure, the analysis centers on the ETH/BTC trading pair and outlines a unique convergence pattern that has been developing since mid-2017. 

In his post on X, CW predicts that this convergence pattern could break during the current bull market cycle. The structure is visible on the weekly chart as a large descending triangle or wedge that started when ETH/BTC reached a peak around 0.16. Since that high, the pair has been compressing between a descending resistance line and a flat horizontal support level near the 0.020 zone. 

Ethereum

Price action in the chart shows that ETH/BTC hit this peak during the 2021 bull market but failed to break the upper descending trendline of the converging pattern. Following this, the pair dropped back sharply and has continued to trend lower, now pressing into the very tip of the convergence pattern near the 0.029 level. 

This suggests that ETH/BTC is approaching its final stage near the apex of the descending triangle pattern. The narrowing distance between the resistance and the support suggests the market could be at a critical juncture. CW suggests that a breakout from this point could end the trading pair’s eight-year compression within the convergence pattern. If this happens, it could signal a major shift in strength from BTC to ETH, and finally to the broader altcoin market, marking the potential onset of an altcoin season in 2026.  

2026 Altcoin Season To Surpass 2021 Boom

CW emphasized in his post that the altcoin season he anticipates in this bull cycle could exceed the strength of the 2021 cycle, mirroring the explosive scale of the 2017 cycle. He argued that many investors underestimate how powerful the 2017 bull run was, noting that it delivered wider, more aggressive gains across the altcoin market than the more selective rally in 2021. 

In a previous analysis, CW shared a separate chart from CryptoQuant, adding further weight to his outlook for a 2026 altcoin season. The chart, which tracks the CEX volume ratio of non-BTC assets versus Bitcoin, excluding stablecoins, compares the current market setup to the 2021 altcoin season. 

In both periods, altcoin trading activity on centralized exchanges was consistently higher than Bitcoin’s volume. However, CW notes that this activity has been running for much longer in 2026 than in 2021. He believes this sustained volume, coupled with a potential breakout from ETH/BTC’s current convergence pattern, strengthens the case of a powerful altcoin season in 2026.

Ethereum
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

TransFi Secures Pivotal $19.2M Funding to Revolutionize Global Stablecoin Payments

TransFi Secures Pivotal $19.2M Funding to Revolutionize Global Stablecoin Payments

BitcoinWorld TransFi Secures Pivotal $19.2M Funding to Revolutionize Global Stablecoin Payments In a significant move for the digital payments sector, stablecoin
Share
bitcoinworld2026/03/18 11:50
Wormhole launches reserve tying protocol revenue to token

Wormhole launches reserve tying protocol revenue to token

The post Wormhole launches reserve tying protocol revenue to token appeared on BitcoinEthereumNews.com. Wormhole is changing how its W token works by creating a new reserve designed to hold value for the long term. Announced on Wednesday, the Wormhole Reserve will collect onchain and offchain revenues and other value generated across the protocol and its applications (including Portal) and accumulate them into W, locking the tokens within the reserve. The reserve is part of a broader update called W 2.0. Other changes include a 4% targeted base yield for tokenholders who stake and take part in governance. While staking rewards will vary, Wormhole said active users of ecosystem apps can earn boosted yields through features like Portal Earn. The team stressed that no new tokens are being minted; rewards come from existing supply and protocol revenues, keeping the cap fixed at 10 billion. Wormhole is also overhauling its token release schedule. Instead of releasing large amounts of W at once under the old “cliff” model, the network will shift to steady, bi-weekly unlocks starting October 3, 2025. The aim is to avoid sharp periods of selling pressure and create a more predictable environment for investors. Lockups for some groups, including validators and investors, will extend an additional six months, until October 2028. Core contributor tokens remain under longer contractual time locks. Wormhole launched in 2020 as a cross-chain bridge and now connects more than 40 blockchains. The W token powers governance and staking, with a capped supply of 10 billion. By redirecting fees and revenues into the new reserve, Wormhole is betting that its token can maintain value as demand for moving assets and data between chains grows. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/wormhole-launches-reserve
Share
BitcoinEthereumNews2025/09/18 01:55
U.S SEC issues first-ever definitions for what crypto assets are securities

U.S SEC issues first-ever definitions for what crypto assets are securities

The post U.S SEC issues first-ever definitions for what crypto assets are securities appeared on BitcoinEthereumNews.com. For the first time, the U.S Securities
Share
BitcoinEthereumNews2026/03/18 12:24