Ethereum

Bitcoin

Bitcoin has begun to shed some profits after losing support at around $98,000, which was the key to rising beyond $100K. The <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">BTC price</a> consolidated for a while and rebounded from a threshold back in 2020, which triggered the famous ‘2021 bull run’. Interestingly, Ethereum is at the same juncture, and a breakout from this phase may trigger a massive ETH price rally.&nbsp;  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdJ4s6pbBDMXjyyLcWHlgw3_7Ncv09fOeg5jP8wFPqPf-2kkegXh6VWYuxkVCsmUWKn-yGU92PME9V1B9ayqye1ZCWatq7qyAf91MErebROZxejIGFRRd4ARQiGIl9YbA9LdmLckA?key=xNQCbNx4RfzMyftTxGufiax4" alt="">
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 Source: <a href="https://x.com/CryptoJelleNL/status/1861306301248090226" target="_blank" rel="noopener noreferrer nofollow">X</a>
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Now that the ETH price is maintaining a healthy ascending consolidation while the star token, Bitcoin, is struggling to keep up the bullish momentum. This could be the signal of the start of a strong altcoin rally, as the Ethereum price is about to be a strong rally. Soon the altcoins are expected to rally, which could make the investors curious about them, causing a strong flow of liquidity onto the platform.&nbsp;  
Besdies, the BTC dominance is breaking apart after marking highs above 61%, which shows that the market participants have taken out some profits as 99% of BTC holders were in profit. The liquidity could have flown into the other altcoins, and as a result, the dominance of Bitcoin is breaking down while the altcoin market cap has reached a pivotal range.&nbsp;  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdcpH8lhMf9IWv1Y2O0U4yf2kikdiuV1uU0D9mBGyKG5JDaxilbfOcC1AXQ8jIdSrI7oUXcAMb7tfU2xokfSgosiC_q37-snvY_XiD-T1QX9VMnNvSS_MQ6gb_33XCf12G9iE5Vtg?key=xNQCbNx4RfzMyftTxGufiax4" alt="">
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The tota market cap, excluding Bitcoin &amp; Ethereum, formed a double bottom pattern and, after reaching the neckline, triggered a breakout and surged by over 1000%. The levels have again formed a similar pattern, while the levels have broken above the neckline after forming a double bottom pattern. Therefore, altcoins seem to be taking over, suggesting altseason could be underway.&nbsp;  
Hence, the market participants should be ready for an explosive altseason anytime from now on, which could bring the altcoin market cap close to $5 trillion.&nbsp;

Altseason is Underway—Altcoin Market Cap May Hit $5 Trillion in the Upcoming Bull Run

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