It’s been a rough ride for altcoin investors lately.
While Bitcoin has flirted with new highs, the rest of the crypto market has felt like it’s been stuck in quicksand.
Altcoins, in particular, have suffered through months of sharp declines, with some down more than 70% from their peaks.
That slump has left traders wondering — is the long-anticipated altseason ever going to show up?
But now, some experts believe a turnaround might finally be on the horizon.
A Fresh Perspective from a Top Market Analyst
Enter M-log1, a well-followed analyst in the crypto community.
He’s spotted some patterns that suggest altcoins could be gearing up for a comeback — especially if Bitcoin continues to rally.
According to him, the current setup looks eerily similar to past market cycles where Bitcoin led the way and altcoins followed with explosive gains.
In short, he believes that if Bitcoin breaks through to new all-time highs (especially as it tracks closely with US stock markets), altcoins might be presenting the best buying opportunity of this entire cycle.
After Months of Pain, Could Altcoins Be Nearing a Turning Point?
Since late 2023, most altcoins have been in free fall.
Confidence has dwindled, liquidity has dried up, and capital has largely flowed into safer bets like Bitcoin.
Even Ethereum has struggled, failing to break back above key resistance levels.
Still, some analysts see this as a necessary reset — the kind of brutal phase that typically comes right before a major breakout.
M-log1 describes the current volatility and “liquidity sweeps” as a precursor to a big rotation into altcoins.
In his words, “I don’t know if we’re going to get the alt run we’ve been waiting for immediately, but I wouldn’t bet against it.”
For those who’ve been around in previous cycles, this kind of setup isn’t unfamiliar.
Historically, markets have often rallied hardest right after confidence hits rock bottom.
Ethereum’s Lagging Performance Is a Key Part of the Puzzle
One of the biggest signals to watch right now? The ETH/BTC ratio.
At the moment, Ethereum is trading at just 0.02256 BTC — a level that reflects how far it’s fallen behind Bitcoin over the past year.
The chart looks grim, with ETH still stuck under its 50, 100, and 200-week moving averages.
That said, there are hints of a possible reversal.
If Ethereum can push back above the 0.025 BTC level and flip the 50-week average into support, that could spark renewed interest across the entire altcoin space.
This ratio has been a key leading indicator in past cycles, with ETH/BTC rallies often preceding a wider altcoin surge.
What’s the Play for Traders?
Right now, traders are watching closely for any sign that altcoins are ready to move.
Sentiment is still shaky, and volume remains low — but the pieces may be falling into place for a turnaround.
With Bitcoin consolidating near its highs and the broader macro environment stabilizing, a shift in capital could quickly bring altcoins back into focus.
And if history is any guide, the window to act could be short before the next wave of gains kicks in.
The Bottom Line
Crypto markets have a habit of surprising even the most seasoned traders — and right now, altcoins might be the sleeper story of this cycle.
While uncertainty still lingers, the risk-to-reward setup for altcoins is starting to look more attractive by the day.
Whether or not the long-awaited altseason is truly around the corner, it’s clear that sentiment, technicals, and timing are aligning in ways that deserve attention.