Today, the ISM index of the US rose to 52.6%, the highest in 40 months. This indicates that the US manufacturing sector has returned to expansion territory, no longer contracting as before.
Looking back at history is quite interesting.
Both 2017 and 2021 saw strong altseasons only really take off after ISM created a clear upward trend. In particular, the largest altseason all began when ISM exceeded 55%.
Currently, it has not yet reached 55%.
But this is the first time in a long while that ISM has given a clear recovery signal. In other words, the 'macroeconomic conditions' that had weighed down altcoins are beginning to loosen.
Not the time to fomo. But this is usually how everything starts.