Bitcoin is showing significant growth, while Ethereum is still lagging behind. Ethereum's historical circulation and transaction growth figures may hint at a possible seasonal rise in altcoins.

Although the circulation rate is currently low, around 7 times the total supply, this may change. The growth of decentralized applications and DeFi on Ethereum can increase the number of users and transactions.

Competitors such as Solana and Tron offer faster and cheaper solutions, but Ethereum remains the second largest by capitalization. A rise in the price of Ethereum could stimulate lending and liquidity, which could be the start of an altcoin season.