With Bitcoin testing ATH, the money seems to be flowing to large cap coins. Ethereum, Litecoin, Ripple and many more have doubled in price recently but are still some way off their ATH.
Ethereum 2.0 or eth2 is on the way with phase 0 launching December 1. With a successful launch more Ether will be locked up for years.
I do not think Bitcoin is done but eventually the money flow will continue to trickle down and the cycle will repeat itself.
The following old post and picturre from Rekt Capital describes it well.
Lets have a look at Bitcoin, Ethereum, Litecoin, Ripple (XRP), Cardano (ADA), and Stellar (XLM) versus the USD.
There have been some strong price action recently. My bet is on that the large cap cryptocurrencies will retest their previous ATH in the near future (months-years). Ethereum seems to be next.