# Altseason on Hold? Here's Why That $1.6T Barrier Matters

Altcoins just hit a wall—literally. Ethereum-based tokens bounced off the $1.6 trillion market cap *again*, marking the second failed breakout attempt. This resistance level isn't random noise; it's become a legit make-or-break point for the next alt pump.

**What's happening:**
- ETTMC (Ethereum token market cap) rejected at 1.6T, same as early October when it crashed to 1.34T
- Chart pattern is eerily similar to a double top—bearish signal if confirmed
- But here's the plot twist: the alt/BTC ratio just hit the same rock-bottom levels from 2017 and 2021, both legendary altseason kickoff points

**Why traders are watching:**
On-chain data shows a descending wedge forming—that's a pattern that often flips bullish. If capital starts rotating out of Bitcoin dominance and into alts, 1.6T isn't just a number, it's the trigger.

Long-term cycles suggest alts tend to explode when Bitcoin peaks. We're getting close. The real question: does 1.6T break this week or in 2025? Either way, the technical setup is *chef's kiss* similar to the last two major altseason runs.

**Bottom line:** Sideways for now, but the ammunition is loaded. Don't sleep on that 1.6T level.