The overall crypto market sentiment is bullish, with three key indicators aligning to suggest an altcoin season is imminent. The TOTAL 3 market cap chart shows a bullish continuation pattern, with price action holding a significant trendline. Similarly, ETH/BTC is exhibiting a bullish flag pattern, indicating potential for ETH to outperform BTC. However, Bitcoin dominance is showing bearish divergence on the RSI, suggesting it may decline, which would typically lead to altcoins rallying. The analyst suggests a potential breakthrough for ETH/BTC and a downtrend for BTC dominance, supporting the altcoin season narrative. The liquidation heatmap indicates significant liquidation levels below the current price for ETH, suggesting that a move lower could be met with strong selling pressure, potentially leading to a short squeeze or a rapid move downwards if those levels are breached.