Growing altcoin market cap and a decline in Bitcoin dominance have spurred renewed hopes for altseason.
Analysts are speculating again about a potential start to altseason after a recent surge in total altcoin market capitalization — including Ether (ETH) — which is now approaching a key resistance level.
Crypto traders and analysts have been eyeing altcoins following Ether’s 27% gain over the past seven days.
Altcoin total market capitalization is currently around $1.16 trillion, according to TradingView. It has increased 15% over the past fortnight and is approaching resistance levels from mid-March when it topped $1.2 trillion.
