$ETH $BTC $SHIB
Hopefuls call for ‘altseason’ led by Ether rally, analysts not so sure
With the price of Ether nearing $3,000 after a month-long rally, crypto social media believes ‘altseason’ may already be here, though some analysts say otherwise.
The cries are loudening for a potential “altseason” as Ether ETH$2,933 approaches the $3,000 level; however, analysts have cautioned it may not come so soon.
On Feb. 19, Ether prices hit an intraday and 22-month high of $2,980. The last time the asset traded above $3,000 was in April 2022.
The price movement has seemingly led many observers to believe an “ETH bull market” is near, while others have declared that “altseason” has already returned to crypto.
“I think there are several powerful catalysts coming up that might spark an altcoin rally,” agreed Apollo Capital chief investment officer Henrik Andersson in comments to Cointelegraph.
These were primarily Ethereum fundamentals such as the Dencun upgrade and mainnet launches for scaling solution Blast and restaking platform EigenLayer, he said before adding.
