The post Ethereum’s Struggle Against Bitcoin Raises Uncertainty Over Potential Altcoin Season appeared on BitcoinEthereumNews.com.

Market analysts are closely watching Ethereum’s performance against Bitcoin, as its sustained weakness keeps altcoin season in limbo. Despite recent market fluctuations, analysts highlight that Bitcoin’s increasing dominance complicates the outlook for altcoins. As emphasized by market expert Benjamin Cowen, “Until ETH/BTC finds a stable bottom and trends higher, altcoins will struggle for capital rotation.” This article explores the ongoing uncertainty of altcoin season as Ethereum lags against Bitcoin, impacting market dynamics and trader sentiment. Altcoin season hinges on ETH/BTC reversal The prospects for a robust altcoin season are closely linked to Ethereum’s performance against Bitcoin. Currently, Ethereum’s underperformance relative to Bitcoin is posing challenges for the anticipated market rally among altcoins. According to market analyst Benjamin Cowen, the key to unlocking altcoin movements lies in the ETH/BTC pair regaining stability. As of now, the ETH/BTC monthly chart indicates a severe decline, with the trading pair hovering around 0.0279 and experiencing a significant drop of 13.28% this month. This pattern reflects a broader macro downtrend reminiscent of earlier bear markets where Ethereum struggled to maintain its position against Bitcoin. Historically, substantial recoveries in ETH/BTC have often preceded altcoin rallies. However, the current environment suggests that altcoins will encounter considerable headwinds until a stabilization occurs in the ETH/BTC pair. Bitcoin dominance and its impact on altcoins Bitcoin’s market dominance recently measured at 60.65%, showcasing a growing preference among investors for Bitcoin as a safer asset compared to riskier alternatives like Ethereum. This rising dominance suggests that investors are moving capital towards Bitcoin, while Ethereum’s struggles highlight the apprehensions surrounding riskier investments. Importantly, Cowen notes that the perception of rising Bitcoin dominance as universally negative for altcoins is a common misconception. Past market cycles indicate that many major altcoin rallies emerge during periods of high Bitcoin dominance, which may contradict current trader…

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Filed under: News - @ February 15, 2025 5:18 pm