An anonymous crypto strategist who accurately predicted the Bitcoin correction before the halving believes that altcoins are about to take center stage in the market. Rekt Capital, a well-known analyst on social media, is closely watching the OTHERS chart, which tracks the altcoin market by excluding the top 10 digital assets and stablecoins. Rekt Capital suggests that the altcoin market is on track to see gains of approximately 42% from its current market cap of $297.5 billion, following a script that was laid out in February.

Rekt Capital’s chart indicates that the OTHERS market cap could rally to its weekly resistance level of $425 billion. However, the analyst believes that the rotation of capital into altcoins will occur once Ethereum, the leading layer-1 platform, takes a breather. Rekt Capital notes that it is unclear if the rally in Ethereum is over, but when it consolidates after its ETF-fueled breakout move, altcoins are expected to benefit from the influx of money.

In terms of Ethereum itself, Rekt Capital believes that the cryptocurrency is in a strong position to surpass the $4,000 mark, as bullish momentum has been building following a weekly close above the $3,300 resistance area. The analyst points out that Ethereum has historically seen upside moves towards $4,000 after spending time around the $2,791 level. A weekly close above the orange box on the chart is seen as inevitable and will confirm that the bulls have regained momentum.

At the time of writing, Ethereum is trading at $3,888.

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