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I've been hearing a lot lately that altcoins aren't rising at all, but the reason is actually quite simple. In short, ETH is weak against Bitcoin. That's all there is to it.
Just because Bitcoin is rising doesn't mean that all altcoins will follow suit. This is important. In fact, for the altcoin market to really move, the value of Ethereum relative to Bitcoin needs to increase. In other words, unless the ETH/BTC relationship improves, the entire altcoin market will remain stagnant.
Looking at the ETH/BTC chart, a breakout is imminent. If this succeeds, we can expect a great rally after a retest. But at this point, it's not yet a situation to be overly optimistic about. It seems like we're just waiting and watching.
What I want to say is that the key to the altcoin market isn't Bitcoin's ups and downs, but Ethereum's strength relative to Bitcoin. Until this improves, there's a high chance that altcoins will continue to stay flat. Monitoring the ETH/BTC chart movements is definitely worth paying attention to from now on.