Bitcoin (BTC) continues to soar, surpassing the $100,000 mark for the first time, the altcoin market is also gaining serious traction. After a substantial rally in recent weeks, the total altcoin market cap has surged by more than 80% in the past five weeks, reaching $1.57 trillion by early December 9, with further growth anticipated.

With Ethereum and Litecoin leading the charge, traders are anticipating a major rally in the altcoin market this week, potentially driving the overall altcoin cap to a staggering $5 trillion in the near future. Here’s why experts are becoming increasingly bullish about these key altcoins.

Ethereum’s Path to New All-Time High

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is currently exhibiting strong signs of a new rally. Having gained 60% in the last five weeks, ETH is now eyeing a crucial resistance level around $4,000. This surge comes as Ethereum continues to show immense strength, driven by increasing institutional demand and positive market sentiment.

Technical indicators suggest that Ethereum’s price is aligning with the 2017 bull cycle, with the price movement reflecting the influence of whale traders. Ethereum has broken out of a multi-year falling logarithmic trend, signaling the start of a new upward trajectory. Analysts are predicting that this could lead to a new all-time high (ATH) in the near future.

Furthermore, the spot Ether ETF issuers, led by BlackRock’s ETHA, have seen record cash inflows, surpassing $836 million. This institutional investment is seen as a positive catalyst for further price discovery and could lead to Ethereum’s price reaching new heights soon.

Ethereum’s total value locked (TVL) exceeds $78 billion, and its stablecoins market cap is over $106 billion, underlining the robustness of the Ethereum ecosystem. With the bullish momentum in the market, Ethereum seems poised to capitalize on the growing optimism in the crypto space.

Litecoin’s Bullish Momentum Gains Strength

Meanwhile, Litecoin (LTC), a long-standing altcoin with a Proof-of-Work consensus mechanism, is also signaling a strong bullish trend. Having consistently closed above the key resistance level of $111 in recent weeks, Litecoin’s Relative Strength Index (RSI) has surged above 70% for the first time since May 2021, suggesting that bulls are firmly in control.

With more than 7.8 million on-chain holders, Litecoin has seen growing adoption, driven by a combination of institutional interest and the excitement surrounding its upcoming halving events. The positive sentiment surrounding Litecoin is further bolstered by the six years of horizontal consolidation, during which the altcoin has matured and built a solid foundation for its next price surge.

Litecoin’s fully diluted valuation (FDV) is currently around $11 billion, and with daily trading volume exceeding $1 billion, its market activity is heating up. As Litecoin prepares to break key price barriers, analysts expect the coin to experience significant growth, possibly entering a full-blown bull run in the coming days.

Altseason: A Global Bullish Trend in the Making

With Bitcoin’s rise above $100,000 and the robust performance of Ethereum and Litecoin, the broader altcoin market is entering a period of growth known as Altseason. Historically, Altseason has been marked by a surge in altcoin prices as traders rotate capital from Bitcoin into altcoins.

The altcoin market cap could soon reach $5 trillion, according to analysts, as institutional investment continues to pour into Ethereum, Litecoin, and other altcoins. Ethereum ETFs, like those backed by BlackRock, have set a precedent for how institutional flows are now impacting the altcoin space, and as more investors embrace digital assets, the upside potential remains significant.

Conclusion: A Bullish Outlook for Ethereum and Litecoin

With Ethereum eyeing a potential new all-time high and Litecoin showing strong bullish momentum, the altcoin market is on track for a potentially historic rally this week. As institutional flows increase and the overall market sentiment remains positive, Ethereum and Litecoin are likely to play key roles in the upcoming price discovery phase.

For traders, the next few days could prove crucial as these altcoins look set to test new price levels. Whether it’s Ethereum breaking past $4,000 or Litecoin pushing higher into uncharted territory, there’s no doubt that Altseason is heating up, and these altcoins are leading the way.