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Ethereum has recently surpassed Bitcoin in growth rates, leading to a sharp increase in the ETH/BTC trading pair. This surge has raised hopes for an upcoming altcoin season.
The ETH/BTC pair has recorded its first breakthrough since December 2024, with a 34% increase in just one week. For the first time in five months, it has registered a rising low, which is typically considered a sign of an upward trend.
The last similar jump occurred in July 2022, when the ETH/BTC pair rose by 56% over a month and a half. However, the question of whether this momentum can trigger an altcoin rally remains open.
The rapid growth of Ethereum in 2022 gives an insight into the current situation. At that time, the price of Ethereum rose by 121% in just over a month, climbing from around $1,800 to nearly $4,000.
This impressive rally has also managed to trigger an altcoin season. A critical condition has been met: 75% of the top 50 cryptocurrencies have outperformed Bitcoin over the last 90 days, and the altcoin index has reached 96.
At the time of writing, only 18% of the top 50 coins outperform Bitcoin. This data highlights that the likelihood of a full altcoin season in the near future remains low, but it cannot be completely ruled out. If altcoins start to rise in the coming weeks, following Bitcoin, the market could see an altcoin season by the end of the second quarter.
ETH-2,24%
BTC-2,37%
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Selim_sarivip
· 05-20 19:18
Bull Run 🐂
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ElizabethAldivip
· 05-20 19:17
Ape In 🚀
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Hakumhansvip
· 05-20 19:16
HODL Tight 💪
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