Many people believe that the strength of ETH is a prerequisite for the arrival of altcoin season, but starting from November 5th of this year, the general launch time for altcoins coincides with the strong outbreak of BTC, which seems to challenge traditional views.
The last altcoin season indeed revolved around the ETH ecosystem, and the rise of ETH propelled many ETH-based altcoins to go up.
However, the market environment has changed this time, with BTC's dominance gradually strengthening, especially after Bitcoin broke its historical high, market sentiment has also started to lean towards BTC, which gives rise to more possibilities for a BTC-dominated altcoin season.
As for why some people still believe that "we have to wait for ETH's strength for the altcoin season to come," this may be related to past market patterns.
Traditionally, when ETH is strong, many ETH-based projects and ecosystems benefit, thereby driving the entire altcoin market.
This thinking has become a habit for many investors, but the current market may be undergoing a shift, with BTC's dominant position becoming more evident.
Therefore, people habitually associate the strength of ETH with the altcoin season, but this does not mean that the new altcoin season necessarily depends on ETH's performance.
