Crypto Analyst Updates Outlook on Altcoins and the Potential of an Ethereum (ETH) ETF Approval This Month

Crypto Analyst Updates Outlook on Altcoins and the Potential of an Ethereum (ETH) ETF Approval This Month


A widely followed crypto analyst is suggesting that altcoins could be on the rise as hopes for an Ethereum (ETH) exchange-traded fund (ETF) approval this month from the U.S. Securities and Exchanges Commission (SEC) this month dwindle.

Crypto trader Michaël van de Poppe tells his 717,300 followers on the social media platform X that altcoins are waking up as Bitcoin (BTC) hovers near $61,000.

“Markets did bounce from the crucial area at $61,000 and Altcoins are waking up. 

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It’s the final accumulation period before the big surge.”

BTC is worth $60,933 at time of writing, down 2% on the day.

Looking specifically at the altcoin Arbitrum (ARB), the analyst thinks the ETH layer-2 protocol is near the end of its full correction.

“This one has a full correction and is

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