Analyst Benjamin Koun has made it clear in his latest posts: What the market is witnessing is not an 'Altseason', but rather the true 'Ethereum season'.
According to Koun's chart, since April, the value of alternative currencies (excluding Bitcoin and Ethereum) has decreased by nearly 50% against Ethereum. This represents a sharp decline, showing that while some alternative currencies are still performing well, the majority are suffering significant losses compared to Ethereum.
ETH/BTC price rise – alternative currencies are just supporting factors
Coin confirmed: As the ETH/BTC pair continues to rise, alternative currencies measured in Bitcoin may remain in a good position. As for ALT/ETH pairs, the downward trend will continue for at least a week or two before any noticeable recovery.
💥 Ethereum is approaching its historical peak
Today's price supports this argument. The price of Ethereum has risen by nearly 9% in just 24 hours, approaching $4700, just 4% away from its all-time high of around $4900.
Momentum is now significantly leaning towards ETH, and if it breaks the psychological level of $5000, the market could quickly shift into a 'full risk' state - meaning sentiment is extremely high, with money flowing heavily into risky assets.
⏳ When will alternative currencies be 'freed'?
History shows:
During breakout cycles, alternative currencies typically grow slower than ETH.
Only when ETH reaches a short-term peak and enters an accumulation phase will capital flows turn to smaller alternatives, creating explosive rises in mid and low-cap companies.
If ETH can break the peak and enter the price discovery zone, this could signal the next wave of altcoin season.
🎯 Strategy for investors
If you bought ETH from below $3000, the current rise is the right time to take partial profits.
The market is in a state of extreme euphoria, but even during bullish periods, sharp corrections can occur and are often unpredictable.
Don't let the fear of missing out make you neglect risk management - especially when ETH is very close to a major psychological level.
In summary: The Ethereum season is still ongoing. Altcoins will have a chance to shine, but for now, all eyes are on Ethereum and the $5000 level. When the 'king of decentralized finance' breaks records, the entire market may enter a new phase of prosperity.
