Bitcoin May Soon Pave the Way for Altcoin Season Heres Why

Lately, holders of alternative cryptocurrencies have been under significant pressure due to recent market fluctuations over the past five weeks.
Such periods of intense volatility often test the resolve of investors, causing many to consider giving up.
However, it is crucial to recognize that altcoins usually thrive when Bitcoin dominance weakens. Discussions surrounding Ethereum ETFs are becoming more widespread, with approvals and trading expected as early as July.
Currently, Bitcoin dominance shows similarities to the peaks observed in 2017 and 2021. This pattern suggests a potential bull altcoin market, marked by significant shifts between buyer and seller dynamics.
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Expectations are rising for the upcoming Ethereum ETF, which is expected to attract the interest of many investors, as was the case with Bitcoin. The altcoin market is likely to react strongly before the launch of the Ethereum spot ETF, which could lead to a period of volatility. Maintaining self-control and resilience will be crucial during this stage.
Ethereum is expected to take a leading position, reducing Bitcoin dominance and strengthening the influence of ERC20 projects. This could catalyze a rapid altcoin season, with Bitcoin potentially reaching $80,000-$100,000 or more by the end of summer.