The question of whether the alt season will come or not is about the performance of Ethereum ETF after it is approved. The S-1 document will be passed at the end of this month, and the final result will be released in August. Before that, it is time for layout.

A few points to note are:

1. The expectation of interest rate cut has not come, but this expectation is on the way, which is equivalent to external water release, and everyone wants to fight for the crypto market cake in the US election.

2. There will be a alt bull market in this round, but because the volume is too large, the increase is smaller, the sectors are scattered, each sector has the ability to attract, and the degree of dispersion of funds will be far greater than before, so most of the alts will not have a trend like meme.

3. Ethereum ETF is very important for the start of this round of alt bull market. You can see that the ETF can also drive the rise of alts through the market's expectations for the big cake. Ethereum is equivalent to the leader of the alt, which will bring buying sentiment to all coins.

4. The total market value of the current cottage industry is close to that of the bull market, but there are still many coins that have not outperformed the market, indicating that the market has entered a new normal. It will not be like the last round of bull market where all sectors and projects will continue to hit new highs with ATH. This round will test your ability to select coins more.

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