Not yet. But macro uncertainty (CPI tomorrow, Fed decisions) is suppressing risk appetite. Traders prefer Bitcoin (safest) over altcoins during uncertainty.
Bitcoin's share of total crypto cap climbs when fear rises and capital concentrates in the 'safest' crypto. That's happening now. Altcoins feel the squeeze.
Ethereum support: $1,850 (immediate), $1,750 (medium-term), $1,600 (major). A weekly close below $1,850 signals deeper weakness; hold = possible altseason recovery.
Once macro clarity comes (CPI, Fed guidance), capital rotates back to risk assets. Altcoins can rally hard then. Watch CPI outcome Wednesday morning.
Altseason waits for macro confirmation. Until CPI clarity, hold stablecoins or bet on Bitcoin. Re-enter altcoins after direction is confirmed post-CPI.
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