📉 Altcoins like Ethereum, Cardano, Solana, and others may be lower in spot rates, but one analyst sees a parallel in the current formation to the 2020 market cycle, gearing up for a potential surge. 🚀

📈 The analyst notes that after a period of accumulation and a retest of previous highs, altcoins tend to be volatile. Bitcoin's pullback from all-time highs and potential retest of March levels could catalyze altcoin swings to fresh levels and valuations.

❓ Will Altcoins Repeat The 2020 Cycle? It's uncertain, but the current price action shows a similar formation. When altcoins consolidated after surging, prices tended to recover strongly, especially once Bitcoin broke through critical levels and entered “price discovery” or fresh all-time highs.

💥 The altcoin season might come earlier this time, especially once Bitcoin recovers. Possible triggers include the upcoming Bitcoin halving event and upcoming network upgrades in Ethereum, Solana, and Cardano. Analysts are also considering the possible approval of spot Ethereum exchange-traded funds (ETFs) by the SEC. 📈🔥