RATE Group | Ethereum Chart Makes It Clear: Altcoin Season Is Already Over
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Ethereum Chart Makes It Clear: Altcoin Season Is Already Over

26 May Ethereum Chart Makes It Clear: Altcoin Season Is Already Over

Posted at 23:49h in Cryptocurrency News by

All throughout the crypto market, small-cap altcoins going on massive rallies brought back the return of talk about an impending altcoin season. However, a pair of coinciding sell signals triggering on Ethereum price charts likely brings what little, short-lived alt season that did take place to a conclusion already.

Bitcoin and Other Major Crypto Assets Lead The Rest of The Market

Although it has been primarily small-cap cryptocurrencies that have been going wild with returns over the last couple of weeks, it is still large-cap “majors” like Ethereum, XRP, and Litecoin that lead the rest of the crypto market, particularly altcoins.

These top crypto assets by market cap also ebb and flow based on their relationship with Bitcoin.

Nearly every altcoin on the market shares one half of a trading pair with not only USD but BTC. Due to this, analysts pay close attention to not only altcoin/BTC trading pairs but overall Bitcoin dominance.

Related Reading | BTC Dominance Signals Abrupt End…

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