Top Crypto Analyst Sees Ethereum, Altcoin Reversal Coming: 'Back Up In The Next Few Weeks'
Portfolio Pulse from Khyathi Dalal
Crypto analyst Michaёl van de Poppe predicts a reversal in altcoin prices in the coming weeks, driven by potential Ethereum ETF approvals and easing dollar strength. Despite recent declines due to regulatory uncertainties and market events, Van de Poppe remains optimistic about a rebound.
June 17, 2024 | 12:38 pm
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Ethereum's price initially surged by 20% to $3,800 following the approval of the 19b-4 files for its ETF. However, uncertainty over the S-1 file approvals has caused stagnation. Van de Poppe expects a reversal in the coming weeks as approvals are likely.
The approval of the Ethereum ETF initially boosted its price significantly. The current stagnation is due to pending regulatory approvals, which are expected to be resolved soon. This could lead to a price rebound.
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