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2w ago

Ethereum Rally Drives Altcoin Market to $1.57 Trillion as Season Doubts Grow

Months-long Ethereum breakout followed by selective altcoin rallies fuels optimism despite persistent Bitcoin dominance

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Overview

  • Ethereum posted a 50% price gain over the past month to reclaim the $4,000 level for the first time since December 2024.
  • Total altcoin market capitalization excluding Bitcoin climbed to $1.57 trillion after a 13.2% weekly surge, approaching its 2025 high.
  • Select mid- and small-cap tokens led by Chainlink’s 30% weekly jump and double-digit gains in SOL, DOGE and BNB highlight a targeted rotation of capital.
  • The Total Crypto Market Cap excluding Bitcoin (TOTAL2) is testing a key resistance near $1.6 trillion after holding above its 50-week moving average.
  • On-chain analytics from Darkfost show mid- and small-cap momentum still trailing Bitcoin, suggesting a full altcoin season has yet to materialize.