Altcoin Season Could Be in Jeopardy If Ethereum (ETH) Loses $2,600.

Crypto analysts warn that the expected altcoin season may be delayed if Ethereum fails to maintain critical support levels. Especially for ETH, below the $2,500 level is dangerous.
Critical Support Levels for Ethereum
Ethereum price is facing selling pressure again after rising as high as $2,890 at the beginning of the week. It is currently at $2,668 and daily trading volume has increased by 110% to $26.9 billion.
Analyst Ali Martinez states that the altcoin season may be in danger if Ethereum loses the $ 2,600 level. According to him, the most critical support level is $ 2,425. Because 67.43M ETH has been accumulated by 10.63M wallets in this region. If the price falls below this level, it could create more selling pressure in the market and delay the altcoin rally.
Additionally, analysts think that Ethereum's recent rise is due to negative developments in the Solana meme coin sector and that ETH is priced independently of its own strength.
Will Altcoin Season Still Come?
Some market analysts said that the altcoin season is inevitable according to technical indicators. Crypto Crew University emphasized that technical signals reminiscent of the big rally before 2021 are seen on the charts.
Buying Opportunity for Ethereum?
Analyst Income Sharks stated that Ethereum is currently in an ideal buying zone and stated that saving at these levels offers an opportunity for investors.
However, according to the warning, if the Ethereum price breaks out of this range and occurs outside the first daily candle closed missed.
According to Santiment data, Ethereum supply is rapidly withdrawn from exchanges and moved to cold wallets. Currently, only 6.38% of the total supply remains on the exchanges.
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