“You can’t really have alt season if ETH/BTC keeps going down… ETH is arguably the index for the altcoin market.” Ben Cowen ( @intocryptoverse ) explains why Ethereum’s strength relative to Bitcoin is the key alt season signal most people overlook.

→ privacy/acc.

“Narrative follows price.” In crypto, people love a story after the chart moves. According to Ben Cowen ( @intocryptoverse ), if ETH had surged to $10k, the ETF would’ve been credited. But since it didn’t? That narrative just… vanished. Narratives don’t predict the market — they justify it.

"If alts are down 44% against Ethereum since April… what else do you call it other than Ethereum Season?" Ben Cowen ( @intocryptoverse ) breaks down the brutal altcoin market and why ETH has quietly dominated since spring. Even Bitcoin is bleeding out to Ether — except for a few outlier alts. Ethereum Season is here.

ETH Treasury companies may push ETH to new highs — but then what? Ben Cowen ( @intocryptoverse ) warns that the current ETH treasury hype may be pulling forward demand. He’s worried we’ll see a wave of altcoin treasury firms chasing quick returns — and setting up a massive crash: “A lot of greedy people are going to launch these treasury companies for altcoins… and it’s going to be an absolute disaster.”

“Once you start going higher up the risk curve… into a lottery of altcoins, you almost start to develop the narrative for a 2026 bear market.” Ben Cowen ( @intocryptoverse ) is watching for a classic market script: altcoins capitulate, narratives form, and projects misallocate capital…

“I don’t think there is a high probability outcome where Bitcoin dies and other cryptocurrencies take over.” Ben Cowen ( @intocryptoverse ) challenges the flippening thesis. Even if ETH has a better long-term roadmap, Ben argues that BTC’s failure would trigger a broad loss of faith across all of crypto — not a reshuffling of leaders.

ETH didn't just bounce, it completed a supercycle ritual. Ben Cowen ( @intocryptoverse ) laid it out perfectly: "Each time ETH/BTC bottoms, it breaks a long-term trendline and hits the regression band." We saw that in 2016. Again in 2019. Now in 2025 — same playbook.

LIVE NOW - Ben Cowen: Ethereum Season Is Here | How Far Can ETH Go? Ethereum has flipped the switch. After years of underperformance, ETH is showing decisive momentum, not just in USD terms, but against Bitcoin and the broader altcoin market. In this episode, @intocryptoverse returns to break down what’s changed, why ETH may be on a path to new all-time highs, and what its dominance means for the rest of the cycle. -------------- TIMESTAMPS 0:00 Intro 3:40 ETH Coming Home 14:13 Why ETH Outperforms Now 18:51 What ETH Season Actually Looks Like 24:48 ETH/BTC Targets & USD Projections 29:25 Price First, Narrative Later 32:27 Bitcoin Risks & the Flippening Hypothetical 36:17 Ben’s Market Timeline 43:36 ETH Treasury Narrative Flip 48:11 Where’s the Alt Season?

Yesterday, @SECPaulSAtkins gave the single most bullish statement made from the @SECGov He wants to move American financial markets “on-chain” This statement is *uniquely* bullish #Ethereum I argue why in a short article on @BanklessHQ - give a read! 👇👇