Ethereum Rising Alone — Altseason Likely After ETH Breaks New All-Time High

I think the reason ETH is climbing while most altcoins lag comes down to the market’s reset after the December shock. Back then ETH was near $4,000 and BTC hit an all-time high, and the altcoin market was pushed sharply lower.

I noticed many new projects listed on Binance and other top exchanges with very large market caps — often above $300 million — which felt inflated and unrealistic for freshly launched tokens. A broad market correction was therefore inevitable to bring valuations back to more sensible, intrinsic levels.

Today I’m seeing healthier listings with market caps generally under $50 million, which I view as a more reasonable base for future growth. That said, a number of projects still look overvalued and haven’t yet recovered.

ETH is now retesting levels near its 2021 peak, and traders are cautious about a potential pullback there, so capital hasn’t rotated aggressively into altcoins. Personally, I believe that once Ethereum establishes a new all-time high, the broader market will likely ignite and we’ll enter a pronounced altseason.