#AltcoinBreakout Bitcoin’s (BTC) grip on the crypto market is slipping, and altcoin season may finally be coming. This comes after Bitcoin’s price hit a new all-time high of $123,091 in July.

Today, BTC slipped to $118,000, while several altcoins extended their recent rallies. A key driver behind this divergence is Ethereum (ETH), a cryptocurrency that has long trailed Bitcoin in performance.

But this week, that narrative has shifted. ETH recently broke above $3,400 and is now outpacing BTC’s momentum. Here’s what this trend means for Ethereum’s price — and what it could signal for the broader altcoin market.