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Will Ethereum Make a Comeback and Kickstart Altcoin Season?
- Ethereum, once a leader in the altcoin market, has struggled to regain its former dominance amid a stagnant price.
- Investors eagerly awaited an ETH rally to kickstart the anticipated altcoin season, but it hasn't materialized.
- The article questions if Ethereum has lost its supremacy or if a comeback is still possible, sparking an altcoin resurgence.
- Factors contributing to Ethereum's weak performance and delayed altseason include lack of institutional demand, Layer 2 expansion, and increased competition.
- Upcoming upgrades like the Pectra upgrade could potentially boost investor confidence and lead to an Ethereum rally.
- The article explores the uncertainty surrounding the return of an altseason given the current market dynamics and Ethereum's struggles.
- While past cycles saw strong ETH performance leading to an altcoin frenzy, the current cycle presents new challenges and narratives.
- Factors like new liquidity inflows, a strong bullish narrative, and market shifts could potentially revive the altcoin season.
- The conclusion remains open-ended, questioning whether Ethereum will lead a new altcoin era or face a shift in dominance.
- Readers are encouraged to share their views on Ethereum's future role and the possibility of an altcoin season revival.
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