The cryptocurrency market is showing signs of a new altcoin season, with capital potentially shifting from Bitcoin to Ethereum and other altcoins.
Signals of Ethereum’s Strength in Altcoin Season
The OTHERS/BTC ratio, which indicates altcoin strength relative to Bitcoin, displays a pattern similar to that seen before previous altcoin seasons in 2018 and 2021. This ratio is currently bouncing off a multi-year ascending support line, which may herald a new surge. Previously, such conditions have always led to explosive altcoin rallies.
Altcoin Index and June 2025 Cycle
The Altcoin Index shows that over 75-80% of altcoins are outperforming Bitcoin. Currently, more than 23% of altcoins are already beating BTC. Historically, June has become a familiar month for the commencement of altcoin seasons.
Web3 Funding and Long-Term Support
In the first quarter of 2025, Web3 startups’ funding reached $3.8 billion, the highest level since mid-2022. This capital influx aligns with previous altcoin season periods. Significant capital inflows usually precede market expansions.
According to current signals and historical market dynamics, Altcoin Season 3.0 is likely to commence with Ethereum's dominance, which will also drive the growth of other altcoins.
