The crypto market is cooling off slightly today, with the Bitcoin price slipping below $119,000 and Ethereum hovering just under $3,800. Despite this dip, analysts believe this may just be the calm before the next big breakout, and a potential altcoin season could be right around the corner.
Top crypto analyst Miles Deutscher says this pullback is a typical shakeout in what he calls the final phase of the bull cycle. He believes this phase still holds the most explosive upside, especially for Ethereum and altcoins.
“Historically, 80% of returns happen in the final 20% of the cycle,” Deutscher noted.
Bitcoin has already climbed from $16K to over $120K this cycle, but Ethereum is still catching up. After months of consolidation, ETH recently surged toward $4,000.
Capital rotation from Bitcoin to Ethereum is a familiar pattern. As Ethereum gains momentum, altcoins historically follow with even greater volatility. This “catch-up play” often sets the stage for a full-blown altseason, with retail investors and new money flowing in.
If Bitcoin hits $140K to $160K, Deutscher believes Ethereum could shoot to $6K–$8K.
Deutscher warns that not all altcoins will benefit equally. He recommends watching ETH pair strength over USD pricing and focusing on outperforming tokens from high-momentum sectors:
These tokens are already outperforming ETH, a key sign that smart money is rotating ahead of the crowd.
Crypto analyst Philip Zion also sees history repeating itself. In a recent post on X, he said every major altcoin season began in August, including the legendary 2021 run. Back then, low-cap coins delivered 200x to 250x gains, and Zion believes the same setup is forming now.
He urged traders to share their altcoin picks early, saying this might be the last chance before small investments could turn into life-changing profits.
Altcoin season is when altcoins significantly outperform Bitcoin. Analysts suggest it could be right around the corner, with August historically marking the start of such periods.
After Bitcoin’s significant rally, capital often rotates to Ethereum, which then fuels altcoin growth, a historical “catch-up play” in the bull cycle.
Crypto analyst Philip Zion believes low-cap coins could see 200x to 250x gains, similar to the 2021 altcoin season.
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