Original Title: "Ethereum Leads the Way, Is the 'Altseason' Coming Back? What Do Analysts Think"

Original Source: Editor Jr., BlockTempo News

Ethereum (ETH) has recently shown a strong upward momentum surpassing Bitcoin, and this morning (11) after Trump announced a major breakthrough in trade talks with China, ETH briefly surpassed $2,600, reigniting short-term market optimism. At the same time, the Altcoin Season Index, as per CMC's statistics, has recently bottomed out and risen above 40, reaching a high point in nearly 90 days. This has sparked discussions about the imminent arrival of the "Altcoin Season."

Analysts' Divergent Views

Some market observers hold a positive outlook on the future of altcoins. Analyst Mister Crypto predicts that the market may see a "life-changing" trend in the next three to six months, with a daily 40% return on altcoins becoming the norm.

Technical trader Moustache also points out that after repeated accumulation, altcoins often experience explosive growth, believing that the current market structure is similar to that of 2016 and 2020, declaring that the "Altcoin Season of 2025 has officially begun."

Cautious View: Balancing Market Enthusiasm and Challenges

However, not all analysts share the same optimism. Analyst 2Lambroz acknowledges the potential arrival of the Altcoin Season but notes that the market is characterized by a lack of strong narrative belief despite people's FOMO. He observes that unlike 2021, there is currently no significant influx of retail investors, and trader capital is rotating faster, lacking long-term holding motivation.

Commentator Rekt Fencer questions the optimistic sentiment, pointing out that most altcoins have already dropped by 90% since last December, and the recent rebound of about 10% is being overly interpreted, sarcastically asking, "Is this the Altcoin Season we've been waiting for?" He believes that Bitcoin's dominance, still above the key threshold of 54%, and institutional preference for Bitcoin will continue to influence fund flows. This market cycle may be more fragmented, with significant variations in the performance of different altcoin sectors.

Key Indicators and Macro Variables

In addition to technical analysis, the future direction of the altcoin market is also influenced by multiple key factors. First and foremost, the price of Bitcoin and its market dominance are crucial. While a rise in Bitcoin's price boosts market sentiment, the change in its dominance remains key to determining the Altcoin Season. Secondly, overall market sentiment and risk appetite are important factors. Optimistic developments in the global macroeconomy and geopolitics, such as progress in US-China trade negotiations and the easing of tensions between India and Pakistan, could drive funds into risk assets, including cryptocurrencies and meme coins.

Kronos Research CEO Hank Huang stated that the cryptocurrency market is riding a wave of global optimism, with Ethereum's strong rebound driving the altcoin market. However, the key points to watch are whether funds can effectively rotate from Bitcoin to altcoins and the level of retail participation.

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