This wave of altcoin recovery is not driven by hype, but by fundamentals:

ETH breakthrough: Pectra upgrade has completely resolved the old issues of poor interaction experience and high technical barriers, and ETH/BTC has broken the three-year downward structure, laying the foundation for the sector's launch.

Bitcoin no longer dominates everything: it is increasingly seen as a "store of value," with reduced volatility, thus losing its original function of "pulling up altcoins."

Mainstream perception has changed: ETH is like Nvidia, SOL is like cloud services; they are no longer seen as "Bitcoin substitutes," but rather as tech stocks in their own independent tracks.

This is a valuation reassessment brought about by an upgrade in perception, not merely a simple speculative dance.