Why Altseason Isn't Taking Off Despite Crypto's Golden Age

The wider altcoin market, led by Ethereum, has so far failed to fully take off, with key market cap charts trapped below major resistance levels.

According to crypto analyst Dan Gambardello, the altcoin market remains in a “consolidation choppy mode” despite what should be a crypto “golden age” backed by policy recommendations from President Donald Trump’s working group.

The TOTAL3 market cap, which excludes both Bitcoin and ETH, has failed to rally above the crucial $1 trillion resistance level so far this year. At the same time, the TOTAL2 chart, which excludes only Bitcoin, has also failed to break its all-time high of around $1.65 trillion.

Analysts’ Take on Altseason 2025

Gambardello notes that unless the Ethereum price can consistently break out above $4.1k, a midterm altcoin correction remains a possibility.

Key factors influencing the market:

• Regulatory goodwill from the Donald Trump administration has attracted more attention to the crypto industry.
• Renewed demand for altcoins by institutional investors has continued amid choppy markets.
• The ETH/USD pair must consistently break out above $4.1k to invalidate a midterm altcoin correction.