Analysis: Even if the spot Ethereum ETF is approved, the altcoin season has not yet arrived

Despite the U.S. Securities and Exchange Commission (SEC) having approved several Ethereum ETF 19b-4 spot trading applications, and despite Ethereum and numerous digital assets experiencing double-digit increases in the past week, the much-anticipated altcoin season has not yet arrived. In fact, according to the Altcoin Season Index, the likelihood of this season occurring has decreased over the past 30 days.