Early signs of altcoin rally emerge as ETH/BTC ratio rises and USDT dominance falls.

The market shows a classic rotation from Bitcoin to altcoins, with Bitcoin dominance falling and the Altcoin Season Index rising sharply. The ETH/BTC ratio has rebounded slightly after weeks of decline, suggesting early strength in Ethereum that could support a broader altcoin rally. Meanwhile, USDT dominance has dropped, accompanied by significant USDT outflows from exchanges, indicating capital may be moving into altcoins rather than exiting risk assets. This combination of factors could signal a potential altcoin rally, but momentum remains uncertain compared to previous cycles.