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

Although the U.S. Securities and Exchange Commission (SEC) has approved several Ethereum ETF 19b-4 spot trading applications, and Ethereum and many digital assets have experienced double-digit gains in the past week, the highly anticipated altcoin season has not yet arrived. In fact, according to the Altcoin Season Index, the likelihood of this season occurring has decreased in the past 30 days.