"Why the concentration in $ETH and not <insert your altcoin here> or an overall altseason?" Well for one, I'd say we're in a small altseason atm (seeing a lot of big coins do 10% in a day, 30% on the week). And two, I think ETH is the new Bitcoin (temporarily). Now don't go beserk and insta rage reply just yet, give me a second. $BTC has seen billions of inflows from Saylor, billions from ETF's, every positive headline known to man, and yet price hasn't moved in a month (and currently struggling at weekly resistance while ETH flys). I think market participants simply realized that it's way easier to move the price of ETH than it is to move the price of BTC. They NEED a vehicle to make money. At the end of the day, I thoroughly agree crypto is making tons of strides, but the end goal (for the majority) has always been max extraction of USD. Bitcoin doesn't go anywhere (lately) regardless of the constant billions thrown at it, ETH was the easier horse to ride, participants identified that, and everyone started shoving to capture their 2x+. Who knows, maybe I'm wrong and BTC to 130K next week, but atm it looks like the whole market decided on ETH as their vehicle for gains. Wondering what happens if BTC is unable to reclaim weekly resistance and people start TP'ing ETH / how many potential top longers there are. Or just 5K next week (this will be most of the replies). If BTC can put in some clean price action above 120K~ I'm happy to get much more bullish again, but likely just gonna sit on hands for now while this all plays out. We'll see.