Just like in previous cycles, ETH makes its moves later than bitcoin.
We will see ethereum reaches a new ATH soon. Following ETH ATH we always saw the altseason peak.
Prepare yourselves.
Buy your shitcoins now. ai, memecoins, nft whatever.
Make your bets.
Alt season is coming.
Just few days ago, we've seen Ethereum reaching as high as $4000 and it's the first time that we've seen it for years. Now, Ethereum, alongside the whole market is going down like what happened in 2021 when Ethereum also went down in the same week as we are currently.
I said a few days ago that my factor on whether we will enter the altcoin season or not is "When Ethereum surpasses the $4,066 price resistance and stays above it for weeks." Right now, we are going further and further with that price and as much as I want to be bullish right now, it seems like the market isn't at least in the short term. If ETH reaches new ATH, other altcoins go up, but the question is "WHEN?" When will Ethereum surpass its previous ATH of $5,000?
I've already holding some top altcoins for years and still waiting for the right time to sell it all.
First of all, I do not understand what you meant by your factor for altcoins season, but obviously, Etheruem prices entering $4066 or above this price level for weeks can not trigger or bring about the altcoins season at all.
We learn everyday, and as you may know, the factors that may bring about the altcoins season includes:
1.Lowered Bitcoin dominance rates
2.Demand/supply to maintain some stability over some time
3.A rising trading volumes, plus a growth on investors interest on certain periods
4.Bitcoin/altcoins circles etc.