The cryptocurrency market is buzzing with anticipation as analysts speculate about the potential start of altseason, driven by a recent surge in the total altcoin market capitalization. Ethereum has taken the lead, with its price hovering around $3,891 after a 27% gain over the past week.
According to TradingView data, the total market cap of altcoins now stands at approximately $1.16 trillion**, marking a **15% increase** in the last two weeks. This upward momentum is nearing resistance levels last seen in mid-March when the market cap peaked at **$1.2 trillion.
Path to Altseason: Historical Patterns
Historically, altcoin seasons follow a clear liquidity flow pattern, unfolding in distinct phases:
Bitcoin’s Dominance:
- Bitcoin surges, often reaching new all-time highs.
- Bitcoin dominance begins declining, signaling a shift toward altcoins.
Ethereum’s Momentum:
- As Bitcoin consolidates, Ethereum gains traction, leading the altcoin rally.
Large-Cap Altcoins Shine:
- Established altcoins (e.g., XRP, Solana) attract significant capital inflows.
Mid/Low-Cap Frenzy:
- Smaller-cap altcoins experience explosive (but volatile) growth.
👉 Watch Michaël van de Poppe’s full analysis here
Ethereum ETF: A Catalyst for Altseason?
The recent approval of the Ethereum ETF could accelerate altseason, according to van de Poppe. Key takeaways from his analysis:
- Retail confidence tends to rebound when Ethereum shows strength.
- The ETF’s full impact may take months due to listing processes.
- Regulatory clarity (e.g., Ethereum as a commodity) boosts market optimism.
Future Outlook: What’s Next?
The altcoin market may consolidate before gaining full momentum. Other altcoins (e.g., XRP, Litecoin, Solana) could follow Ethereum’s lead in pursuing ETF approvals, further fueling bullish sentiment.
FAQ Section
Q: What triggers an altcoin season?
A: Altseasons typically follow Bitcoin’s peak, with liquidity shifting to Ethereum and later to smaller altcoins.
Q: How long does altseason last?
A: Historically, 2–6 months, but volatility varies by cycle.
Q: Should I invest in low-cap altcoins?
A: Higher risk/reward—only allocate what you can afford to lose.
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