After Ethereum’s recent outperformance against Bitcoin, investors are increasingly eyeing a potential altcoin comeback. In a BTC-ECHO reader poll with nearly 10,000 participants, 56% said “yes”—the latest ETH rally could indeed signal the start of a new altcoin season. Meanwhile, 36% remain skeptical and 8% are undecided, highlighting a clear but not unanimous optimism.
The upbeat sentiment is backed by Ethereum’s impressive rebound this summer, fueled in large part by billions in inflows into ETH ETFs. Treasury-heavy corporates like SharpLink are further contributing to the ETH supply squeeze, amplifying the market buzz.
BTC Loses Dominance as Altcoins Gain Traction
Bitcoin’s market dominance has slipped from nearly 66% at the end of June to around 60% now. Historically, such declines have often preceded an altcoin season—periods of outsized returns in smaller coins as investors seek yields beyond BTC. Still, the broader market is far from its previous highs, and only a handful of large-cap tokens—XRP, BNB, and Hyperliquid—have posted new all-time highs following Bitcoin’s latest rally.
Not everyone is convinced, and lingering caution is warranted. Altcoin seasons can offer rapid gains but often end with abrupt corrections once speculative fervor takes hold.
Will Ethereum Lead the Charge?
The market’s optimistic outlook is clear: over half of respondents believe Ethereum’s recent breakout could kick off the next altcoin surge. Whether this sentiment translates into lasting gains now depends on ETH’s ability to break through key technical resistance—and on retail investors returning to crypto in force.