Altcoins Surge as Ethereum (ETH) Leads the Market with a 40% Weekly Rise

Last week saw altcoins making significant gains, notably with Ethereum (ETH) surging by 40% weekly, and market analysts are predicting a vibrant altcoin season.

On the other hand, the price of Bitcoin (BTC) also continued to creep up to reach $105,000 along with the positive progress in the US-China trade deal talks.

Check out the full news below!

The altcoin market needs this week’s close to rally strongly

Renowned cryptocurrency analyst Rekt Capital shared an optimistic view of the altcoin market. According to him, if the total market capitalization (excluding the top ten altcoins) manages to close above $250 billion, it will likely breakout rally to at least $315 billion.

A weekly close like this would confirm that the altcoin has bottomed and mark the end of the current market correction which stands at -61%. This correction, according to Rekt Capital, is shallower than previous market retracements that reached -69% and -85%, showcasing the increasing resilience of the altcoin market.

Additionally, the analyst highlighted that the $425 billion resistance level appears to be weakening as a point of rejection. A revisit in the future could greatly increase the chances of breaking that critical level.

Merlijn The Trader’s Warning Amid Altseason Anticipation

Crypto analyst Merlijn The Trader issued a cautionary note to investors amid the growing anticipation of altseason. The analyst highlighted Bitcoin’s (BTC) declining dominance, a key metric that often signals capital rotation into altcoins.

Furthermore, the analyst emphasized the importance of timing in this market cycle, reminding traders to “rotate early or risk buying at the top” as the altseason rises. Positive developments in US-China trade talks could also be a catalyst for a major crypto market rally to come.

Willy Woo has a contrarian view, predicts Bitcoin dominance will reach 90%

Leading on-chain analyst Willy Woo shared his vision for the long-term trajectory of Bitcoin (BTC) and altcoins. Citing analyst Grok 3, Woo predicts altcoin market capitalization to reach $10.5 trillion by 2030.

On the other hand, Woo predicts a Bitcoin market capitalization that exceeds $100 trillion, rendering a clear preference for Bitcoin over altcoins in the long term. He also predicts Bitcoin’s price dominance to soar to 90%, signaling a significant shift in market value.

As is well known, even large corporate players have been aggressively buying Bitcoin and preferring it over altcoins. Corporate players like Metaplanet are building Bitcoin reserves at an impressive pace.