Ethereum, Solana, Cardano Take a Major Hit; Will Altcoin Season Be Witnessed in 2026?‬

Ethereum, Solana, and Cardano are under heavy selling pressure, signaling renewed weakness across the altcoin market and reducing the odds of a broad altcoin season in the near term. Ethereum fell below the key $2,000 level, with analysts watching $1,900–$1,950 as critical support. Solana dropped to $66.50, its lowest in 2.5 years, while Cardano slipped below $0.20 for the first time in five years and briefly under $0.16. The article frames the move as part of a broader lack of participation in altcoins, with the CMC Altcoin Season Index still at 47/100, below Bitcoin-season territory. Despite rising social attention and active addresses for Cardano, market sentiment remains fragile and a meaningful relief rally likely depends on Ethereum stabilizing and attracting stronger institutional interest.