Is Altseason 2025 Dead? Analyst Points to Three Signs of Altcoin Season's Return

• Ethereum Needs to Break $5.000 to Activate Altseason
• Bitcoin Expected to Hit New High Before Turnaround
• BTC dominance needs to rise to confirm trend

Analyst Benjamin Cowen, known for accurately predicting the cryptocurrency crash in October, believes the long-awaited 2025 altseason isn't over yet—but it depends on three clear signals to begin. According to him, the altcoin movement in 2025 will only gain momentum when Ethereum and Bitcoin reach decisive milestones in the market.

According to Cowen, the first step is for Ethereum to reach a new all-time high.

"We need $5.000 worth of ETH for Ethereum to reach all-time highs... a lot of these big market moves, the 'altseason,' typically happen after Ethereum reaches all-time highs—not before," the analyst explained.

He points out that altcoins lagged behind in this cycle because Ethereum only renewed its highs in August, and historically this type of movement precedes a broader bullish phase.

“It could be argued that one of the reasons altcoins have lagged so far this cycle is because Ethereum only reached an all-time high in August,” he noted.

The second signal, according to Cowen, lies in Bitcoin itself. For ETH to reach $5.000, Bitcoin also needs to renew its all-time highs—something that only occurs when BTC dominance (BTC.D) rises. This indicator measures Bitcoin's market share relative to other cryptocurrencies.

"For altseason to arrive, Bitcoin dominance must first rise, because that would imply Bitcoin reaching an all-time high.", he explained. Cowen reinforces that it's a mistake to hope for Bitcoin's dominance to fall, as this would weaken the foundation necessary for a true capital rotation toward altcoins.

At the time of writing, Bitcoin was trading at $107, up 1,7%, while Ethereum was trading at $3.877, up slightly. The analyst believes this period may simply represent a preparation phase before the potential return of altseason in 2025.