The altcoin oscillator is showing encouraging signs of an upcoming alt season, with its recent climb exceeding the 50% threshold. This could indicate a potential breakout for prices across the cryptocurrency market, specifically for Ethereum (ETH), which is currently poised for further gains. Analysts have highlighted the positive correlation between Bitcoin’s performance and altcoin movements, suggesting that when Bitcoin experiences a rise, it often coincides with increased activity in other cryptocurrencies. While several coins have seen significant gains, the current trend remains uncertain, prompting questions about whether this positive momentum will continue or if we might see a pullback soon. The source of this movement is still fluctuating as Bitcoin’s dominance shifts, but there’s potential for altcoins to outshine Bitcoin in terms of total returns during times of market instability.