The presence of memecoins and ETFs is overshadowing traditional altcoins, indicating a fragmented altcoin cycle.The concept of a unified altseason may no longer be valid, as recent data suggests a lack of consistency in altcoin performance.The rise of memecoins has diverted market attention and capital away from established altcoins.Ethereum remains strong and plays a significant role in the crypto ecosystem, supporting DeFi, NFTs, and layer-2 solutions.