U.S. Dollar Weakness and Ethereum Momentum
According to Crypto Rover, the recent decline in the U.S. dollar index combined with Ethereum ($ETH) exhibiting a consolidation pattern could create favorable conditions for a significant Altcoin Season. Crypto Rover highlights that a weakening dollar often drives capital towards cryptocurrencies, with Ethereum's current technical setup indicating potential for a breakout. This scenario is closely watched by traders seeking opportunities in altcoins, as historical trends suggest increased altcoin volatility when the dollar underperforms and Ethereum gains momentum (source: Crypto Rover on Twitter, May 8, 2025).