In the past few days, those altcoins related to Ethereum have shown performance. If Ethereum can lead the rise, it would definitely be great news for the entire altcoin market!
However, there isn't enough money in the market right now, and the atmosphere isn't that hot. It's unrealistic to expect all coins to rise together; the most likely scenario is that different types of coins will take turns increasing.
If Ethereum can kick off a good start and drive this kind of 'turn-taking rise', it would be a strong boost for altcoins, instilling more confidence and willingness to invest.
To summarize: If Ethereum can rise steadily and for a longer duration this time, we can expect more smaller coins to follow suit.
Is this surge a rebound or a reversal? The key depends on two points:
First, can Ethereum truly stand on its own, not following the rise and fall of Bitcoin, but moving independently?
Secondly, the requirements for Bitcoin are not high; as long as it can stabilize and not drop, even if it just stays flat, that would be the best situation for the current market.