There was a remarkable movement in the altcoin market last weekend. Solana (SOL), XRP, Cardano (ADA) 
$0.741389 and cryptocurrencies such as Tron (TRX) recorded increases in value ranging from 15% to 90%. Bitcoin 
$91,409 and Ethereum 
$3,107 While the altcoins are trending horizontally, the rise of the altcoins is making investors wonder “has the altcoin season started?” It led him to ask the question. However, Ethereum’s squeeze at the $3,000 level is seen as a critical threshold for the market to enter a full rally.
What Do Indicators Say for Altcoin Season?
Market analysts suggest that a real altcoin season has not yet begun. In the statement made by QCP Capital, it is stated that historically altcoins have performed better during periods of consolidation following major rallies in Bitcoin and Ethereum. Currently, Bitcoin dominance is at 60%. Analysts say this rate must fall below 58% for the altcoin season to be confirmed.
Solana, in particular, attracted attention with a 17% increase last weekend. Solana price managed to maintain the critical $240 level. QCP Capital analysts stated that former US President Donald Trump’s pro-crypto attitude created a positive perception among investors. It is thought that this may increase expectations for the altcoin season. It is also stated that the Bitcoin price is moving towards the target of 100 thousand dollars. This strong performance of BTC may support the future movements of Ethereum and other altcoins.
Ethereum’s Performance is Critical for Altcoin Rally
Ethereum price has not yet reached the expected levels. ETH, which rose to $ 3,444 at the beginning of November, has experienced a 10% withdrawal since then. Analyst Ali Martinez emphasized that Ethereum found strong support at the $ 3,000 level and 2.82 million addresses accumulated 6.14 million ETH in this region. It is thought that this accumulation will support the ETH price.
Projections for the future of Ethereum are also promising. The logarithmic regression model predicts that ETH could rise to $9,200 by mid-2025. Based on historical trends, the possibility of reaching the $17,600 level is not ruled out. An analyst named Venturefounder stated that Ethereum’s price range has narrowed and could reach these levels in 2025.
Recently, the interest of institutional investors has also increased the expectation of the altcoin season. If Donald Trump becomes president again, positive changes are expected in crypto policies. This development may revive interest in altcoins, especially Ethereum. Increasing demand for spot Ethereum ETFs and continued net positive flows support this expectation.
Ethereum’s strong support levels and Bitcoin’s uptrend are among the key indicators for the altcoin season. Investors continue to closely monitor the course of the market and the performance of Ethereum.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
