The cryptocurrency market is bracing for altseason. If you haven't heard of that term before, this is when Bitcoin (BTCUSD) starts losing its dominance and money flows towards altcoins. The crypto market has been very peculiar this time, thanks to spot exchange-traded funds causing significant inflow into BTC.
As a result, Ethereum (ETHUSD), a crypto that has trounced Bitcoin's gains in every cycle since inception, has so far failed to do so. Traders started doubting whether altseason would happen due to that, but Ethereum has finally started making progress in closing the gap. ETH is pressing against its all-time high and could cross $5,000 in the coming months.
