Always hoping for an altseason to begin for the entire crypto market? While BTC and ETH are currently receiving money from their ETFs issued by Blackrock and other companies for purchases, even reaching ATHs is very difficult for altseason, because the money transfer scenario if it enters the web3 space or the crypto market directly will easily buy some of it in altcoins on the same network or in other visible altcoins. This can be done before entering the ETF, this dresh money can enter the ecosystem, but if it is only bridged by a company like Blackrock, it is really very difficult because there are no other altcoins available to trigger an increase.
Most altcoins don't have the demand necessary to keep market prices afloat. Retail investors aren't that interested in them. What can only bring an altcoin season is institutional interest/demand. In other words, altcoins getting their own spot ETFs approved by the US and abroad. Other than that, I don't see them going anywhere. BTC and ETH will continue to rise, leaving its competitors in the dust.
ETH experienced a surge in market prices, partly driven by institutional demand. But it seems that the hype is waning, as ETH didn't get past its last-recorded ATH of $4,891.70 (according to CoinMarketCap). The cryptocurrency turned bullish today, so there's some hope left. Who knows? Maybe $10k will be the next target? Only time will tell.