Ehereum (ETH) has been **stuck in consolidation** while Bitcoin (BTC) and some altcoins have seen impressive gains. Many investors are asking: **Why isn’t ETH pumping? And where is the long-awaited altseason?** Let’s break it down.

## **1. Bitcoin Dominance Is Still High** 📊

Historically, **altcoins pump when Bitcoin cools down**. However, BTC dominance remains high, meaning most liquidity is still flowing into Bitcoin rather than altcoins like ETH. Until BTC consolidates, ETH and other altcoins may struggle to gain momentum.

## **2. Ethereum Gas Fees & Layer-2 Competition** ⛽

Ethereum’s high gas fees have **pushed users towards Layer-2 solutions (L2s)** like Arbitrum, Optimism, and Base. While this is great for Ethereum’s ecosystem, it means **less direct demand for ETH**, delaying a major price breakout.

## **3. Lack of Strong Catalysts for ETH** 🚀

Bitcoin has multiple catalysts, including **ETF inflows** and **institutional adoption**, but ETH lacks similar short-term triggers. The market is waiting for **an Ethereum ETF approval or major network upgrades** to drive new hype.

## **4. Altseason Needs a Bitcoin Cooldown** ❄️

For a true **altseason**, BTC needs to **stabilize or pull back**, allowing money to rotate into altcoins. Until that happens, Ethereum and other alts may remain in a **sideways phase**.

## **5. Whales & Institutional Accumulation** 🐳

On-chain data shows that whales are still **accumulating ETH**, but they are not aggressively pushing the price up yet. This suggests that a **delayed ETH pump** could be coming once BTC slows down.

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## **When Will Altseason Start?**

Historically, altseason follows these key phases:

1️⃣ **Bitcoin pumps first** (We’re here now)

2️⃣ **ETH starts outperforming BTC**

3️⃣ **Mid-cap and low-cap altcoins explode**

If history repeats, Ethereum’s **breakout is just a matter of time**. Patience is key—**once ETH moves, the entire altcoin market will follow.**

🔥 **Do you think ETH will pump soon? When do you expect altseason? Drop your thoughts below!**

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