Currently, the altseason looks weak as the CoinMarketCap Altcoin Season Index stays at 24, showing Bitcoin’s dominance.
Still, Ethereum’s chart shows signs of life, with prices holding above key levels. Major coins like BNB, SOL, XRP, and ADA show a mixed outlook as traders watch for the next move.
Altcoin Season: What’s The Real Situation
The crypto market is still in what traders call Bitcoin Season. The Altcoin Season Index on CoinMarketCap is now reading 24 out of 100.
It is worth noting that this means Bitcoin has stayed stronger than most altcoins over the past 90 days.
The index last reached 87 in December 2024 but has dropped since then. The total value of altcoins is around $1.63 trillion, while Bitcoin controls about 59% of the market.
For it to be called Altcoin season (also called altseason) , at least 75 out of the top 100 altcoins must do better than Bitcoin. That is not the case right now.
In the past three months, only a few altcoins have made strong gains. MYX went up by 2462%, ASTER by 1214%, and MNT by 102%.
Most of the major coins have been slow. ADA, AVAX, NEAR, and DOGE all dropped between 17% and 23%.
Notably, this shows the market is still led by Bitcoin. The mixed results suggest investors are still cautious.
Many traders seem to be waiting for clear signs before moving back into smaller altcoins. Until then, Bitcoin remains the main driver of the market.
Ethereum Holds Key Support Levels
In a separate move, Ethereum is showing a bit of strength despite the weak altcoin season.
For context, crypto analyst Ash Crypto said Ethereum’s monthly chart shows a breakout from a four-year range.
The coin has retested old support levels and is still holding above them. The chart also shows Ethereum staying above its 200-day and 300-day moving averages.
This usually signals long-term strength. The Relative Strength Index is in a neutral area, meaning the market is not overbought or oversold.
At the moment, Ethereum trades around $3,943. It has risen about 1.7% in the past week.
The market cap is $476 billion, with daily trading volume near $27 billion. Many traders are watching the $4,000 level. If the price moves above it, it could start a new upward phase.
Ethereum’s consistent position above key averages suggests the coin is building a base after a correction.
This could help restore confidence in altcoins, though for now, the wider market still follows Bitcoin’s trend.
Altcoin Market: BNB, SOL, XRP, and ADA Show Mixed Results
It is important to mention that other major altcoins are moving in different directions.
For example, BNB trades at $1,115 with a market cap of $155 billion and a volume of $2.8 billion. The digital asset gained about 1% in the past week.
Meanwhile, Solana is priced at $192 with a $105 billion market cap and $5.1 billion in daily volume. It rose about 4% this week.
XRP is trading around $2.56. It has gained about 8% over the week, with a market cap of $153 billion and $4.6 billion in volume.
Cardano is at $0.65, with a market cap of $23 billion and a daily volume of $708 million. It rose slightly after recent losses.
Even with these small gains, most altcoins are still far behind Bitcoin in performance.
The market would need more consistent growth from coins like Ethereum, Solana, and XRP before Altseason can return.
Right now, Bitcoin continues to dominate the market. The data and price charts show that Altseason is not here yet.
However, signs from Ethereum suggest the market might be getting ready for change. Traders are watching to see if that shift will start soon.