Ethereum Retail Traders Cash Out as Altcoin Season Index Tumbles

Ethereum (ETH) is at a tipping point as retail interest towards the largest altcoin fizzles out despite a notable uptick in whale activity. The declining interest follows a notable decline in the altcoin season index that is now sitting at range lows, suggesting that it is currently “Bitcoin season” as interest towards the largest crypto grows. Meanwhile, Ethereum price remains stuck within a narrow consolidation range, indicating that both buyers and sellers remain hesitant.