Russell 2000 cup-and-handle breakout and ETH/BTC shift fuel altseason speculation

On 23 January 2026, the Russell 2000 pushed through the $2,461 neckline, completing a cup-and-handle breakout that often reflects rising risk appetite. With Total Crypto Market Cap (Total 2) holding $1.2 trillion support and targeting $1.7 trillion, and ETH/BTC attempting to break a long-term downtrend, traders are watching for a possible altcoin rally.