How Ethereum’s breakout may be the spark that fuels altseason

Key Points

1. Ethereum (ETH) has gained for four consecutive weeks against Bitcoin (BTC), with ETH/BTC showing 26.93% weekly gains.

2. Bitcoin's market dominance has dropped to 61.05%, its lowest point in over two months, indicating a shift in capital flow.

3. The altcoin market cap has surged by 41% since June, reaching $1.45 trillion, with Ethereum leading the rally.

4. Coinglass's altcoin season index reached 51, suggesting early signs of an altseason, though it may not yet be in full swing.

5. Investors are beginning to take notice of the shift, with growing interest in altcoins alongside Ethereum's breakout.