Ethereum set to spark another altcoin rally—will this cycle be different?

crypthub

1 day ago

Altcoin Season Signals Emerge

On‑chain data, not price moves, are showing early signs of a new altcoin season. Ethereum remains the focal point, but large‑cap cryptos are also displaying notable activity. This suggests a broader, more collective rotation than in past cycles.

Ethereum Usage Holds Steady

Ethereum’s price is stuck around $3,000, yet network activity stays near cycle highs. Active addresses hover around 472,000, far above the pullback seen in previous consolidations. Historically, such engagement preceded Ethereum’s outperformance and the start of altcoin inflows.

Other Large‑Cap Cryptos Show Positioning

XRP whales are keeping tokens off exchanges, indicating confidence rather than profit‑taking. Solana is seeing a modest revival of retail trading, a pattern that usually precedes broader momentum. BNB’s average spot order sizes match those before the 2021 altcoin surge, hinting at underlying strength.