Ethereum Soars 40%, Fueling Altcoin Season Hopes – Experts Weigh In

Cryptocurrency markets witnessed a significant surge last week, with Ethereum experiencing an impressive 40% weekly gain. This rise has ignited hopes for the start of an altcoin season, alongside positive Bitcoin price action. Market dynamics were influenced by ongoing trade talks between the US and China, fueling optimism. Renowned analyst Rekt Capital believes that if the total altcoin market value (excluding the top ten coins) surpasses $250 billion this week, a substantial breakout is likely, potentially reaching $315 billion, signaling an end to the current correction at -61%. Rekt Capital highlights that this recovery is proving more resilient than past market corrections. Meanwhile, another analyst, Merlijn The Trader, cautions investors about potential price bubbles, advising cautious action to avoid buying during peak prices. Bitcoin’s market dominance also took a dip, potentially driving capital towards altcoins. However, experts like Willy Woo predict that Bitcoin’s dominance will rise to over 90% in the long term. He forecasts a $10.5 trillion altcoin market by 2030, with Bitcoin reaching $100 trillion in market cap. As optimism for altcoins grows, some experts remain confident that Bitcoin will maintain its leadership role in the medium and long term. With both technical indicators and global developments expected to shape the market in the coming weeks, investors are advised to stay aware of potential price fluctuations and take a strategic approach to capital rotations.