IS ETHEREUM on ITS Deathbed? Will there be another Leg up? Altseason? - What's the Next STEP?

The Market is Ugly, ETH IS DEAD | But Ethereum's Rally is Coming

The Bleak Reality of the Market Right Now

Right now, the crypto market feels like a disaster. Prices are bleeding, sentiment is collapsing, and everywhere you look, investors are throwing in the towel. Ethereum just broke below $3,000, Bitcoin dominance is rising, and altcoins are getting crushed.

On X (Twitter), Discord, and Telegram, the dread is palpable. Sarcasm and hopelessness have taken over. People are screaming:

❌ "ETH is dead!"❌ "Altseason already happened!"❌ "Bitcoin dominance is going to kill everything!"

And honestly? This pain is real. The charts are ugly, and Trump’s proposed tariffs are throwing macro uncertainty into an already fragile market (25% on Mexico and Canada, 10% on China, coujld this give rise to inflation). Even institutions are positioning cautiously, and most retail traders are stuck holding altcoins that keep bleeding, due to the fact that BITCOIN DOMINANCE is back above 60% (we should of listen to Benjamin Cowen of INTOTHECRYPTOVERSE.).

This is a significant capitulation event, one that may not have reached its conclusion just yet, leaving many investors in a state of uncertainty and anticipation. However, during times of doubt and ambiguity, it is crucial to adopt a broader perspective, allowing for a more comprehensive understanding of the market dynamics at play. In other words, it's a good time to reevaluate positions, but it's also not the time to make big portfolio changes either.

Despite the current fluctuations, the markets find themselves in a relatively more advantageous position today than they were in the past; it is unrealistic to expect a relentless, unwavering upward trajectory in market performance. Indeed, corrections are not only inevitable but also essential for the overall health and sustainability of the financial ecosystem.

But here's the truth: history shows that extreme fear often signals a major opportunity.

But Here’s the Hope: This Has Happened Before

Why Market Pain Leads to Market Gains

As brutal as this feels, history shows that this kind of extreme negativity often marks the final stage before a massive move up

.

Think back to the last bull cycle. Right before the final parabolic top in 2021, sentiment looked exactly like this. People had given up on Ethereum. Altcoin investors were exhausted. Bitcoin dominance was rising, and ETH/BTC was sitting in a range where nobody wanted it. Then, when everyone least expected it, Ethereum led the final euphoric rally, and the entire market exploded.

We are in the same kind of psychological setup now. The bottoming process is painful and drawn-out, but accumulation happens in silence. Smart money is taking positions while retail panics.

Ethereum’s Bull Thesis: Why It’s Not Over

There’s a growing case that Ethereum will start running soon—but not yet.

Here’s why ETH is still one of the best bets for this cycle:

1️⃣ Bitcoin Dominance Will Likely Peak Soon

Bitcoin continues to lead, but historically, once BTC dominance reaches exhaustion, Ethereum takes over. A higher low on BTC dominance could confirm we’re near a turning point.

2️⃣ Ethereum must outperform for altseason to happen. Every major cycle has shown that altcoins can’t run without ETH first taking off. If ETH is weak, the altcoin market stays weak. But when ETH gains strength, liquidity flows down into mid and low caps.

3️⃣ ETH/BTC is sitting in a long-term accumulation zone. The ETH/BTC pair has been in a multi-year downtrend and is sitting at the lower end of its range. This is historically where major reversals happen. However, ETH still needs to reclaim 0.04 BTC for a true breakout.

4️⃣ Ethereum has too much liquidity to be a non-performer. Institutional Liquidity is Pouring into Ethereum. This cycle, Ethereum is a top institutional asset. Funds aren’t ignoring it. In fact, World Liberty Financial’s Trump-aligned DeFi fund just purchased over $160M worth of ETH. Smart money is accumulating.

5️⃣ ETH beta plays are setting up. If ETH starts running, projects like Ondo, LINK, and AAVE will follow. These are the institutional-grade DeFi projects tied to Ethereum’s success.

6️⃣ Base ecosystem small caps could be explosive. If Ethereum moves, smaller plays on Base (like Virtual AI, Agents, and REKJT) could see asymmetric gains. These are riskier bets, but high beta plays thrive when Ethereum is in demand.

Final Thoughts: Patience is Key

The market is ugly right now, but that’s exactly why this is an opportunity. Ethereum is in an accumulation zone. Retail is panic selling. Sentiment is at rock bottom. But institutions are quietly positioning for the next leg up.

Ethereum’s rally isn’t here yet. Bitcoin likely has one more move left before ETH wakes up. But when ETH does break out, it will lead the way for altseason. The ones who stay patient now will be the ones who capitalize on it.

🚀 Prepare, don’t panic. The Ethereum rally is coming. And of course never put all your eggs into one basket, and never invest mroe than you can afford to lose,

About Kevin: A teacher by profession and a father by choice, my true passion lies in unlocking the vast potential of cryptocurrencies and DeFi. My aim is to educate and inspire anyone eager to explore or understand the myriad opportunities within this dynamic space., and get closer to financial freedom

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