Is Altseason Starting? Ethereum Steady While Altcoins Break Out

Is Altseason Starting? ETH Support Holds as Capital Rotates Away from BTC

Is Altseason Starting? Ethereum (ETH) is currently trading at around $2,634, according to CoinMarketCap’s latest one-month chart. While still under the previously watched $3,800 resistance, ETH remains above crucial short-term support. Analysts suggest that a decisive close above $3,000, and a potential move toward $4,000, could serve as a catalyst for broader altcoin rallies. Although ETH hasn’t yet reclaimed its 20-week EMA, early signs of capital rotation into altcoins are emerging — historically a precursor to altseason.

HBAR, SOL, and SUI Lead the Altcoin Upsurge

Hedera (HBAR) surged 23% in a single day, peaking at $0.2377 following increased developer activity and ecosystem traction. Solana (SOL) hit a high of $178.50 on May 24 before retracing to around $153. Meanwhile, Sui (SUI) rebounded from trendline support, reclaiming the $1.20 level with a 5% weekend gain. These mid-cap altcoins are attracting liquidity, signaling early-stage momentum in altseason.

Chainlink and Ondo Show Signs of Exhaustion

Chainlink (LINK) rallied from $13.72 to $17.11 in early May, but pulled back to near $13.70, with derivatives volume down over 20% — a sign of weakening trader interest. The $12 support level remains crucial. Similarly, Ondo (ONDO) surged past $1.10 mid-May but has since dropped to $0.83, now facing resistance at $0.90 after breaking its bullish structure.

Altcoin Market Structure Decouples from Bitcoin

Capital rotation away from Bitcoin is becoming more evident as select altcoins chart independent price action. Ethereum’s stability is anchoring the market, but growing volumes in ecosystems like Solana, Hedera, and Sui indicate increased investor confidence in non-Bitcoin assets. This market decoupling may signal that altseason is slowly taking shape, even amid broader market caution.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.